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Apple Inc - Is the Apple Inc cart about to be rocked???
In a Potential Shorting Zone:
There are couple of variation of counts and I am posting the one with which I am more confident. I can understand that this chart like many of my other charts will raise eye brows and Apple Inc is very popular with many investors who have done really well over many years will likely find my chart unacceptable.
However, as you can see from correlation with NASDAQ which is in major cycle wave B. Like all Major Indices, NASDAQ has topped or very close to doing so.
For details of why this Top in the market is so significant check my other Youtube videos and in particular the one published today Link :
youtube.com/watch?v=_MQzBjttJt4
Along with all Equities, Major Bullish Cycle for Apple appear to be ended in October 2012.
If correct, then we already have completed wave A decline and wave B retracement which actually retraced little more than 100% (potential expanded flat) as result of the momentum leading up to 2012 top being so strong that it is spilled over to wave B to the upside.
That said, the current top now has second degree divergence with momentum and potential double top being in the making. This could offer excellent shorting opportunity. Though please note that this is an outline of expected move not necessarily exact path or price target. That you will be able to work out with further price data as we go along.
As always you should do your own analysis for your needs.
Select to follow me and if you approve of my analysis, let me know by your positive comments and thumbs up.
Also follow the chart of all updates and interaction with wider community as I anticipate lot of action on this post.
There are couple of variation of counts and I am posting the one with which I am more confident. I can understand that this chart like many of my other charts will raise eye brows and Apple Inc is very popular with many investors who have done really well over many years will likely find my chart unacceptable.
However, as you can see from correlation with NASDAQ which is in major cycle wave B. Like all Major Indices, NASDAQ has topped or very close to doing so.
For details of why this Top in the market is so significant check my other Youtube videos and in particular the one published today Link :
youtube.com/watch?v=_MQzBjttJt4
Along with all Equities, Major Bullish Cycle for Apple appear to be ended in October 2012.
If correct, then we already have completed wave A decline and wave B retracement which actually retraced little more than 100% (potential expanded flat) as result of the momentum leading up to 2012 top being so strong that it is spilled over to wave B to the upside.
That said, the current top now has second degree divergence with momentum and potential double top being in the making. This could offer excellent shorting opportunity. Though please note that this is an outline of expected move not necessarily exact path or price target. That you will be able to work out with further price data as we go along.
As always you should do your own analysis for your needs.
Select to follow me and if you approve of my analysis, let me know by your positive comments and thumbs up.
Also follow the chart of all updates and interaction with wider community as I anticipate lot of action on this post.
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