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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):

PUG AAPL 60-min chart EOD 9-16-13

AAPL 4-hr chart (EOD):

PUG AAPL 4-hr chart EOD 9-16-13

AAPL Weekly chart (EOD):

PUG AAPL weekly chart EOD 9-16-13

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