Sept 16th, 2013: AAPL Wave Count Update
Posted by pugsma on September 14, 2013
5:15 pm EST: Below are the updated AAPL 60-min and 4-hr charts.
For the primary count the 50% retrace target $453 for minor 2 of major [3]-P5-C1 was exceeded on the drop to $447 today. The next target is at the 62% retrace of $437. This primary count minor 2 of major [3] wave remains valid above the major [2] low of $389.
For the alternate (blue) count wave (3) of minor 1 of major [C]-P4 looks to be headed for the (3)=1.62*(1) target of $435. And I’m looking at minor 1 to reach the $419 support before a significant minor 2 bounce back towards a 50% retrace at $470 resistance. This alternate (blue) count remains valid as long as the minor 2 bounce remains blow $514.
AAPL 60-min chart (EOD):
AAPL 4-hr chart (EOD):
AAPL Weekly chart (EOD):
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