Elliott Wave Analysis of Apple Inc. (AAPL) by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge.
Here are my long, intermediate, and short-term Elliott Wave counts on Apple. Explanations of each degree of trend are on the charts. The bottom line: I have a short-term upside target of 519-523 for APPL, after which, I’m a bear.
***** Note added the next morning (9-11-13): AAPL gapped down big-time at the open today. Re-examination of the 60 minute chart allows for the probability that pink wave 5 ended in truncation on
August 9 at 507.92 after carving out a small ending expanding diagonal.