Saturday, November 29, 2014

[AAPL] update

In my previous post on AAPL the model predicted a peak in the $110 range.  This did not pan out and so I have to step back and reconsider the whole count at the top level, something I should really have done sooner.  As a result, I have the following top level model for AAPL.


Zooming in a bit we have this model of just the 5th wave:

 And now the zoom in to just the 4th and 5th.



If this model is (finally) correct then we really should see the markets begin to sell off on Monday or Tuesday.  The first sign that a larger breakdown is in progress would be the a break below the top rail at the $115-$116 level.  The sell off in oil should say something about a global recession which is eventually going to be felt by the entire food chain.  Global debt deflation may finally be making itself visible.

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