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January 17th, 2014: AAPL Wave Count Update

Posted by pugsma on January 17, 2014

5:55 pm EST:  AAPL looks to have completed wave (1) of minor 5 of major [3]-P5 at 560.  The (2) correction could have ended today at the 62% retrace of 540 or will need a little more drop next week to the 78% retrace of 536.   Assuming wave (2) ended today at 540, wave (3) should target the 589 area where (3)=1.62*(1).  The minor 5 of major [3] target is at 612, where M5=0.62*M1 or 601, where major [3]=2.62*[1].  This AAPL wave count remains valid with wave (2) of minor 5 above the minor 4 low of 529.88.

AAPL 60-min chart (EOD):

PUG AAPL 60-min chart EOD 1-17-14

AAPL 4-hr chart (EOD):

PUG AAPL 4-hr chart EOD 1-17-14

AAPL weekly chart (EOD):

PUG AAPL weekly chart EOD 1-17-14

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