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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

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