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Last analysis of AAPL on 19th February, expected more downwards movement which is what has happened so far. The target has not been met and the structure is incomplete.

Click on charts to enlarge.

AAPL daily 2012

Within the bigger picture this wave count sees AAPL in a super cycle zigzag correction which is just over two thirds completed.

Within the zigzag cycle wave b ended at 571.88 with a small truncation in the final fifth wave up.

At this stage I expect a big leading expanding diagonal is unfolding for a first wave at primary degree.

Within the leading diagonal intermediate wave (2) is a 72% correction of intermediate wave (1), and intermediate wave (4) is a 86% correction of intermediate wave (3).

I would expect intermediate wave (5) to be longer than intermediate wave (3) and to reach down to 484.54 or below.

I had expected (two weeks ago) this target should be met in about two to three weeks. Downwards movement is slow and so the target may be yet another three weeks away.

Intermediate wave (1) lasted 12 days, and intermediate wave (3) lasted 11 days. So far intermediate wave (5) has lasted 10 days. It may end in another 5 to 15 days, as I would expect it to be longer in both price and duration than intermediate wave (3).

Within intermediate wave (5) no second wave nor B wave may move beyond the start of the first or A wave. This wave count is invalidated with movement above 551.19.

At 252 cycle wave c would reach equality in length with cycle wave a. This target is about one year away.