Sept 9th, 2013: AAPL Wave Count Update
Posted by pugsma on September 10, 2013
3:00 pm EST: AAPL primary count now looks like minor 4 of major [1]-P5 triangle has formed between 514 and 586. This wave (c) of minor 4 triangle needs to hold above 486 to remain valid. Also, minor 4 must hold the minor 1 high of 466 to remain valid. Once the minor 4 correction is complete, the target for minor 5 of major [1]-P5 is remains at 536 to 543.
A drop below 466 before a new high above 514 would likely indicate a 3-wave move up off the 385 low and thus bring into play an alternate (blue) count that the P4 correction in AAPL would resume breaking 385 and heading for the 50% retrace of 315 (see weekly chart).
AAPL 60-min chart (mid-day):
AAPL 4-hr chart (mid-day):
AAPL Weekly chart (mid-day):
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