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Monday, May 21, 2012

$AAPL: EW count and forecast.

Nice EOD with a clear break of fan line resistance. Maybe an uptrend is starting as a wave 5,up.

Monday, May 21, 2012

$AAPL: EW count and forecast. Maybe wave 5 in play?

We continue thinking that AAPL will lead the "BIG and REAL" downfall of markets when a big correction on its price occurs. Meanwhile we, maybe, can have a little rally as a wave 5,up. This correction has been important but a bigger one can develop, when this wave 5 can be in place.

We think that, maybe, in AAPL case we have the pivot point in and wave b in place. (13:11 ET)

Breaking the fan line resistance and,maybe, confirming the uptrend. 15:20

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