February 19th, 2014: AAPL Wave Count Update
Posted by pugsma on February 19, 2014
2:00 pm EST: I did a little clean-up on the APPL wave count since the $385 P4 low in order to give this P5 wave the “right look”. Note that the changes do not change the ST, IT or LT primary count forecast for AAPL.
From the recent $551 high for wave i-(3) of minor 3 of major [5]-P5, it looks like wave ii-(3) oorrection is underway with a 50%/62% fib retrace target of $522 to $515. Assuming wave ii-(3) ends at the 50% fib retrace of $522, then the wave iii-(3) target if $616, where iii=1.62*i.
AAPL 60-min chart (mid-day):
AAPL 4-hr chart (mid-day):
AAPL daily chart (mid-day):
AAPL weekly chart (mid-day):
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