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February 4th, 2014: AAPL Wave Count Update

Posted by pugsma on February 4, 2014

5:35 pm EST:  AAPL is again looking constructive above the $466 level.   AAPL maybe leading the SP-500 having already put in its major [4]-P5 wave low at $493.   If so, then AAPL has just started the early stage of the major [5]-P5 wave up that will take AAPL to a new all-time high above $705.  Details of the potential major [5]-P5 wave count are shown on the 60-min and 4-hr charts.  First resistance point is at $530 and is the target area for wave (1) of minor 1 of major [5]-P5.

Note that is AAPL were to break below $466, then the move up from $385 to $575 would just be a major [X] wave of a deeper double Zig-Zag correction for P4 that is headed below $385 in a major [Y]-P4 wave towards $316.  This is shown as the alternate (blue) count on the weekly chart.

AAPL 60-min chart (EOD):

PUG AAPL 60-min EOD 2-4-14

AAPL 4-hr chart (EOD):

PUG AAPL 4-hr EOD 2-4-14

AAPL weekly chart (EOD):

PUG AAPL weekly EOD 2-4-14

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