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July 8th, 2013: AAPL and GLD Wave Count Update

Posted by pugsma on July 8, 2013

5:00 pm EST:

AAPL:  It appears that AAPL has completed or nearly completed its minute (2) of minor 3 of major [1]-P5 at 38% retrace level of 410.  There are other more typical wave (2) targets at 406 and 402 if AAPL needs to correct a little more.  Basis a wave (2) of 410, the wave (3) of minor 3 targets are 465 where (3)=1.62(1) and 499 where (3)=2.62(1).

AAPL 60-min chart (EOD):

PUG AAPL 60-min chart EOD 7-8-13

GLD:  GLD looks to have completed minute wave (2) of minor 1 of major [1]-P5 at 116.74 on Friday.  Wave (3) is underway with target of 128.5, where (3)=1.62(1).

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 7-8-13

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