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February 26th, 2014: AAPL Wave Count Update

Posted by pugsma on February 26, 2014

12:00 pm EST:  The 62%/78% fib retrace of 515/506 area is critical for AAPL to hold during this wave ii-(3) of minor 3 of major [3]-P5.  There is an open gap at 512 to 517 that is being tested today.  A break below 493 would put the entire bullish count for AAPL into serious jeopardy.  Notice on the daily chart the 200-day SMA is at 493 today and rising, which also indicates the critical nature of the 493 area.

AAPL 15-min chart (mid-day):

PUG AAPL 15-min chart MD 2-26-14

AAPL 60-min chart (mid-day):

PUG AAPL 60-min chart MD 2-26-14

AAPL 4-hr chart (mid-day):

PUG AAPL 4-hr chart MD 2-26-14

AAPL daily chart (mid-day):

PUG AAPL daily chart MD 2-26-14

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