The elliott wave principle applied in real time and to all markets.
Saturday, March 2, 2013
Elliott wave analysis of Apple
It has been a while since I last looked at Apple (see my last update here: http://theelliottwavesufer.blogspot.dk/2013/02/blog-post.html). My count is still calling for lower levels in Apple. The first target is at 391.00, but from the latest development I now expect, that the decline to 391.00 only would the bottom of wave iii and therefore we should expect the ideal target for the ongoing correction to breach 391.00 for a continuation lower towards 363.60 and maybe even lower towards the 61.8% correctiv target near 316.00. However as we close in on strong support at 391.00 I will take a close look at the pattern.
We should also notice, that the decline from 703.86 is nicely contained within the descending channels borders, which is typical for correction.
I'm a keen Elliott wave follower. I do use, what you might call, standard technical analysis too, but my main focus is on the Elliott Wave Principel.
I use it professionaly as well as in my private affairs. To give you an example I sold my house in late 2005 and are currently renting a flat, not expecting to reenter the property market before 2012-2013.
I'm very much into long term seasonal cycles and demography too.
Waiver: I will not accept any responsability for any loss of funds because of any investmenst done on the basis of my analysis. The analysis herein are done with the utmost due dilligence, but can from time to time be wrong and point you in the wrong direction.
You are always wellcome to pop me a qustion or comment on my work and I will try to answer your question, but might not allways have the time to do everything.
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