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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):

PUG AAPL 60-min chart MD 8-21-13

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):

PUG GLD 60-min chart MD 8-21-13

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