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April 25th, 2013: AAPL Wave Count Update

Posted by pugsma on April 25, 2013

AAPL:   Primary count is that P4 bottomed at 385.  I have wave (1) of major 1 of major [1]-P5 complete at 415 and wave (2) is playing out as flat to re-test the 393 area.  Note that a move below 385 for this wave (2) would invalidate the primary count and confirm the alternate count.  Wave (3) should target 442, where (3)=1.62*(1) and wave (5)of minor 1 should reach the 450-460 area.

Alternate (blue) count is that wave (4) of minor 5 of major [C]-P4 complete at 415 yesterday and wave (5) of minor 5 is headed lower that 385 to complete major [C]-P4 at the head and shoulders target of 370.  A move above the wave (1) of 419 for this wave (4) would invalidate the alternate count and confirm the primary count.

AAPL 15-min chart (EOD):

AAPL 15-min chart EOD 4-25-13

AAPL: 60-min chart (EOD):

AAPL 60-min chart EOD 4-25-13

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