Any questions?

Thursday, January 3, 2013

$AAPL: Good question and my answer in the MTA board.

AAPL 9 months daily chart.


John Graef January 03, 2013 12:57 pm
Glad to see you have rules in place to adjust to market conditions. Do you have an alternate count?

Manuel Aparicio January 03, 2013 2:08 pm
John, thank you because your question mentions my new 4 rules to be used in the Elliott waves theory. Of the 4 rules, I have shared one of them with the public through my blog, please see: Actually, I'm naming the rule "accuracy" as my first new rule. Indeed, based on my second new rule is that the minute wave 4 (purple) is already in place and could not go down more and as you see, then had be a small lower price, which makes me say that the minute wave 5 is already in place, as a truncate wave. For now, I can not share the other 3 new rules yet. We need the board's consideration and approval, officially.

$SPX: Price could be preparing a nasty "island top" to mantain bulls there for a while.

We have call a top yesterday using our $NYAD top or bottom pattern. Will be nastier for bulls if an island top ( gap before and gap after the top) because it will be like a jail in which bulls will have to wait a long time to be released.

$AAPL is bullish again.Could we see fresh new highs on 2013?. Why I don't think so.

We present these two charts, one daily, the other one hourly. 595.07 shall be the barrier that must hold off the price, so that it can continue its downward path. We're counting, for now, this bullish wave as a sub minute wave 2.

Hourly chart

Daily chart