PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

August 24th, 2013: AAPL and GLD Wave Count Update

Posted by pugsma on August 24, 2013

10:45 pm EST: 

AAPL:  With the drop to 498.20, it looks like AAPL has entered the minor 4 of major [1]-P5 correction.  The first target is the 23% retracement at 485.  Once minor 4 is complete, the minor 5 wave should make a new high above 514.  The target for the completion of major [1]-P5 is at 540.

AAPL 60-min chart (EOD 8-23-13):

PUG AAPL 60min chart EOD 8-24-13

AAPL 4-hr chart (EOD 8-23-13):

PUG AAPL 4hr chart EOD 8-24-13

GLD:  GLD continues to move higher in wave iii-(3) of minor 3 of major [1]-P5.   The wave iii target is at 141.05, the wave (3) target is 143.52 and the minor 3 target is 148.59.

GLD 60-min chart (EOD 8-23-13):

PUG GLD 60min chart EOD 8-24-13

GLD 4-hr chart (EOD 8-23-13):

PUG GLD 4hr chart EOD 8-24-13

Sorry, the comment form is closed at this time.

 
%d bloggers like this: