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April 5th, 2013: AAPL Wave Count Update

Posted by pugsma on April 5, 2013

4:30 pm EST:   Today AAPL held the 419.00 P4 low today at 419.68.  This means the primary count is still valid and the 60-min chart now show a potential double bottom pattern at 419 with a target of 470 + (470-420) => 520.  That is precisely the target area for the primary count major [1]-P5.  Today’s low at 419.68 would be the end of minor 2 of major [1]-P5.   The first upside target for wave (1) of minor 3 is at 440-450.

The should 419.00 low be broken in the coming days, the alternate (blue) count would become the primary count.  For this count wave (3) of minor 5 of major [C]-P4 is underway with a target area just below 400.  For this alternate (blue) count I’m expecting major [C]-P4 to reach at least 396, where [C]=[A].

AAPL 15-min chart (EOD):

PUG AAPL 15-min EOD 4-5-13

AAPL 60-min chart (EOD):

PUG AAPL 60-min EOD 4-5-13

APPL 4-hour chart (EOD):

PUG AAPL 4-hr EOD 4-5-13

AAPL weekly chart (EOD):

PUG AAPL weekly EOD 4-5-13

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