Apple - Correcting in wave B to 103.60 before the next move lower towards 55.01

Apple - Correcting in wave B to 103.60 before the next lower towards 55.01

Apple - Correcting in wave B to 103.60 before the next move lower towards 55.01 

The correction in wave B of Z should test 103.60 before completing for the next decline in wave C lower towards 55.01. 

Short term a minor setback to 98.25 should be expected from where the final rally to 103.60 should be seen to complete wave B and set the stage for the next decline in wave C of Z.

For the long term view, click here

Apple - Correction from 134.54 is headed towards 55.01

Apple - Correction from 134.54 is headed towards 55.01

Apple - Correction from 134.54 is headed towards 55.01

Apple - Correction from 134.54 is headed towards 55.01 

Already on April 29 - 2015 I called the top at 134.54 and said then, that a decline to the previous low of 55.01 was to be expected (you can see that post here) and on August 4 - 2015 I said that the top at 134.54 was confirmed and a corrective decline to 55.01 should be expected (you can see that post here). 

Well the correction from 134.54 is well under way, and it should just be a matter of time before support at 89.47 is broken for the next decline to 67.40 and then 55.01. 

Short term, resistance is seen at 94.66. This resistance is expected to protect the upside for the break below 89.47 for the next wave lower to 67.40 and 55.01. 

 

When a 1+ is highlighted in the right hand corner, more charts is available, in this chart-pack 2 charts can been seen. To see the other charts, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional charts.

Apple - Look for a break below support at 110.21 soon

Apple - Look for a break below support at 110.21 soon

Apple

Apple

Apple look for a break below support at 110.21 soon 

My long term view for Apple is, that wave 3 ended at 100.76 in mid-September 2012 and all price-action since then has been part of a wave (4) expanded flat correction. If this count is correct, we have seen wave B end at 119.75 (just above the ideal target at 118.86) and wave C is now developing for a decline to below the ending point of wave A at 55.03. The ideal target for wave C and wave (4) should be found at 45.40 before an extended rally in wave (5) to above 119.75. 

The first decline from the 119.75 high has unfolded as an leading diagonal and wave the correction in wave ii corrected a perfect 61.8% of wave i and wave iii is currently unfolding. The ideal target for wave iii comes in at 79.64 and could even decline lower to 66.27.

Short term only a break above resistance at 114.77 will prove this count wrong and indicate, that an expanded flat is unfolding as wave ii and wave c of ii should terminate near 116.25. Only an unexpected break above 119.75 will force me to evaluate my preferred count. 

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Tommy
2015-02-26
Great call on nat gas

Just wanted to drop you a note to say great call on nat gas as it held 2.67

Great job.

Tommy
Darryl
2014-09-14
Love the good work, most accurate I’ve found in my research. Darryl
Duane
2014-05-26
Great job this week!! Wish that I had more capital to capitalize on all of your great calls! The ones that I have managed to catch have been extremely profitable. I really appreciate you sharing you v...