AAPL UpdateJust wanted to update everyone on the moves AAPL has been making lately. It is still following my path drawn out for it. If it is to remain standard, then I want to see it tag my target box drawn. As you can see on the chart, there is a decent amount of fib confluence around the $192 area which is where I think this move is likely to end.
Once we begin to drop for wave c, I expect that to take us to the $160's-$170's. Until we have a full b wave carved out though I can't be for certain. The higher b goes the higher c will end. That c will just be the last sub-division in a larger A wave. As with other corrective structures this thing is going to be sub-dividing for a while. If this is in fact the beginning of Super Cycle wave (II) as I am calling for....get used to the choppiness. This is the type of structure/price action you will have to trade for the next couple decades IMHO. As my mentor has said before, "This isn't your dad's or even your gpa's market". This is most like your great great gpa's market and most alive today have never even seen it let alone traded it before.
I want to see us breach the 0.382 @ $187.82 at the least before dropping again. Once we finish this b wave, I will draw more refined targets for the next wave. Good luck y'all.
I will be out of town for the next two days on a mini vaca for my sons b-day. I'll still have access to the charts via my phone, but it isn't the same as a computer. Due to this I won't be making new posts tomorrow night but will post again Thursday night.
Also, I want to remind everyone, starting March 1st, my posting schedule will be dramatically altered.