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Friday, January 31, 2014

Apple - Look for a rally towards at least 594.25.

Apple

The decline from 574.30 has decline below important support at 513.64, which Means the rally from the 387.21 most likely isn't impulsive but likely a dobble zig-zag correction. I expect the wave b of y is close to being over and wave c of y higher ready to begin. The ideal target for wave c of y is at 629.24, but strong resistance is located at 594.25 and might be able to hold back the c-wave rally.


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