Tuesday, April 9, 2013

4/9/13 - AM Update

AAPL Weekly
I haven't updated AAPL in a while. There are some pretty clean waves here. We'll see if its just an abc corrective or a larger degree five wave move.

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Since the bears failed to launch a new impulse wave down, one must look at a potential extended third wave (see 60 min chart below, red bracket wave labels).

15 Min 
If the near term potential H/S plays out, we will treat it as fives waves up complete. If not, lets watch the potential for a 9 wave extension for wave (iii).

60 Min 

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