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August 9th, 2012: AAPL and GLD Count Update

Posted by pugsma on August 9, 2013

4:50 pm EST:

AAPL:  Primary count Is wave iii-(3) of minor 3 of major [1]-P5 topped at 371.  The wave iv-(3) correction is underway with the typical retrace of 38% at 451.  The wave iv-(3) correction must hold above the wave i-(1) high of 435 to remain a valid count.  On a breach of 435, the alternate (blue) count takes over with a wave (1) of minor 3 high at 371 and a wave (2) retrace target of 62% at 420.

AAPL 60-min chart (EOD):

PUG AAPL 60-min chart EOD 8-9-13

AAPL 4-hr chart (EOD):

PUG AAPL 4-hr chart EOD 8-9-13

GLD:  Primary count for GLD is that minor 2 bottomed at 123.55 and that wave (1) of minor 3 of major [1]-P5 is underway headed for the 130.0 area.  Minor 3 should target 148.56, where minor 3 = 1.62*minor 1.  A break above 130.14 is required to confirm this count.  If GLD can’t break 130.14, then the minor 2 correction may not be over and 123.55 or lower will be tested before minor 3 up begins.

GLD 60-min chart real-time link :http://www.freestockcharts.com?emailChartID=f6b4a4fc-0455-4ea4-98d8-bba334023d6a

GLD 60-min chart (EOD):

PUG GLD 60-min chart EOD 8-9-13

GLD 4-hr chart (EOD):

PUG GLD 4-hr chart EOD 8-9-13

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