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