August 21st, 2013: AAPL and GLD Wave Count Update
Posted by pugsma on August 21, 2013
11:00 am EST:
AAPL: Here is a quick update on the AAPL wave count. Minute (5) of minor 3 of major [1]-P5 looks to be unfold ingwith a $520 price target, where minor 3=1.62*minor 1. However, if the 499.75 level is breached before a move above 513.74, then minor 3 peaked at 513.74 and the minor 4 correction is underway with a target of 485 or a 23% retrace of minor 3. In both cased the minor 5 of major [1]0P5 target is at 540, where minor 5 = 0.62*minor 1, which corresponds to the double bottom measured move target of $543.
AAPL 60-min chart (Mid-day):
GLD: GLD looks to be ready to enter the iii-(3) of minor 3 of minor 3 of major [1]-P5 wave. The targets are at 141 for wave iii, 143 for wave (3) and 148 for minor 3.
GLD 60-min chart (mid-day):
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