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Thursday, April 24, 2014

Apple - Rally to 622 unfolding?

Apple Medium Term Count
Since the 385.12 low in mid-April 2012 we have seen a double zig-zag rally in wave X. The first zig-zag rallied from 385.12 to 513.64 and was followed by a x wave to 447.25 and the second zig-zag is currently unfolding. We saw wave a from 447.25 to 575.11 and wave b was likely a triangle and wave c is now under way towards 622 to end wave X and set the stage for a new decline in wave Y

4 comments:

  1. Hi EWS ther is talk about Apple shares being diluted to 77 soon how would this affect charts in your view

    Brgs jt

    ReplyDelete
  2. Hi JT,

    I should not really change anyting, but I'm sure some will find it more interesting to buy at that price than here at 562.

    Kind regards
    EWS

    ReplyDelete
  3. Hi look at this ,this was my expectation!!http://www.rishtrader.blogspot.in/2014/04/apple-computers-trade-setup.html

    ReplyDelete
    Replies
    1. Hi Rish,

      I think we on the same page on this one. I do however think your target of 550 is a bit conservative and think you should hav a target above theformer top at 575 as a minimum.

      Kind regards
      EWS

      Delete