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Friday, August 17, 2012

$AAPL: 2 year daily chart. EW count and forecast.

We think that AAPL will be the one that, when it starts the retracement primary wave 4,down, will bring the overall market down so, this is the one to watch next days.

$SPX: EW count and forecast.

Disclosure: We are bearish from 1,390 and yes we have lost this rally but, we prefer wait in cash (not our case) or with a bearish ETF (our case) because we are forecasting not a healthy downfall but a "big" one.

$VIX: New low in 5 years.Very,very bearish

Every body is talking about the new high in AAPL but VIX has a new,5 years, low and that is very,very bearish.

$AAPL: New high.Relabeling our EW count.Weekly chart.

Long picture count continues the same and we expect a downfall as wave 4, when this primary wave 3 is going to be in place.

$SPX: Only 1 ressistance to maintain our EW count 1,422.38