Elliott wave analysis of Apple and Facebook

Apple

After the Inverted S/H/S bottom was triggered in mid-August I'm looking for a rally higher towards at least 594.40. Short term a break above minor resistance at 509.20 will confirm that wave (ii) is over and that the much more powerful wave (iii) is ready to take us higher towards 594.40. However, as long as resistance at 509.20 protects the upside we could see an even deeper wave (ii) lower towards 432.

Facebook

First see my long term chart of Facebook here: http://theelliottwavesufer.blogspot.dk/2013/09/elliott-wave-analysis-of-facebook-next.html

We are fast closing in on the long term target at 59.60, but we are close to a strong resistance at 52.50 where the ongoing wave III will be 2 times longer than wave I and I would expect some kind of correction from near 52.50 lower towards the 42.50 - 45.80 area before the next rally higher towards the long term target near 59.60.