Sept. 11th, 2013: AAPL Wave Count Update
Posted by pugsma on September 11, 2013
9-13, 3:45 pm EST: For the primary count, AAPL appears to have put in wave iv-(c) of minor 2 of major [3]-P5 at 475 yesterday and now wave v-(c) of minor 2 is headed for at least the 50% retrace of minor 1 at 452 or the 62% retrace of minor 1 at 437. The alternate (blue) count is that wave (3) of minor 1 of major [C]-P4 is still unfolding headed for the (3)=2.62*(1) target of 435. Minor 1 should reach 419 support before a significant minor 2 bounce.
AAPL 60-min chart (9-13, afternoon):
9-11, 11:45 am EST: With the move below 466 today, the near-term bullish primary count as labeled yesterday is now invalid. The only bullish count for AAPL that now works is a major [1]-[2], minor 1,2 start to P5. For this new primary count, the minor 2 targets are the 50%/62% retrace levels of 452/437. This revised primary count has been added to the AAPL chart. This primary count would go invalid on a move below the major [2] low of 389 during this minor 2 wave.
The bearish intermediate term alternate (blue) count that has P4 drop to a 315 target over the next few months is very much in play now. I’m looking for minor 1 of major [C]-P4 to reach the 419 support area in the coming weeks. This alternate (blue) count would go invalid on move above 514.
AAPL 60-min chart (mid-day):
AAPL 4-hr chart (mid-day):
AAPL weekly chart (mid-day):
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