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January 6th, 2014: AAPL Wave Count Update

Posted by pugsma on January 6, 2014

2:00 pm EST:   AAPL’s wave count has been modified with the move below 539 today.   It looks the move up to 575 completed minor 3 of major [3]-P5.  And this move from 575 to 539 to 572 to 534 was a flat for minor 4.  Minor 5 of major [3]-P5 should now move above 600 in the next month or two.  There is minor 5 = 0.62*minor 1 target at 612 and a minor 5=1 target at 659.  This AAPL count remains valid as long as the minor 4 wave holds the minor 1 level of 514.  There is also a large Cup and Handle Pattern with cup rim at 514 and a target at 645 to complete major [3]-P5.  So the 514 is a very important level to hold from both the E-wave count and the Cup and Handle Pattern.

AAPL 60-min chart:

PUG AAPL 60-min chart 1-6-14

AAPL 4-hr chart:

PUG AAPL 4-hr chart 1-6-14

AAPL weekly chart:

PUG AAPL weekly chart 1-6-14

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