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April 11th, 2013: APPL Count Update

Posted by pugsma on April 11, 2013

AAPL primary wave count looks to be completing a triangle for wave iv-(1) of minor 3 of major [1]-P5.  I’m expecting a break-out move up to 545-550 over the next couple of days.  After wave (1) of minor 3 completes at 450 there should be a wave (2) pull-back to about 435, before wave (3) of minor 3 launches much higer to 485.  Ultimately wave major [1] should reach the 520 to 540 area over the next few weeks to a month.

AAPL alternate (blue) wave count looks to be completing wave (4) of minor 5 of major [C]-P4 at the 445 to 450 area.   After wave (4) completes the next big move will be a wave (5) drop to the [C]=[A] target of 396, which will complete P4.

The primary wave count remains valid above the minor 2 low of 419.68.  A break below 419.68 indicates that alternate wave count is correct.

APPL 15-min chart (EOD):

PUG AAPL 15-min EOD 4-11-13

AAPL 60-min chart (EOD):

PUG AAPL 60-min EOD 4-11-13

AAPL 4-hr chart (EOD):

PUG AAPL 4-hr EOD 4-11-13

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