Bull made a post about AAPL (Apple) and all those trillions getting ready for money heavan. It was the post that really attracted me to this board and the triple trade possibilities. I have been charting AAPL fastiduously ever since.
Could not find it or I would link it. Good post Bull.
Now to Apple.
Message 33259645
How many wave extensions are normal was a question. I don't know, a minimum of one imo. Apple has been a monster, on its 3rd wave extension by my count. That is for this III'rd wave. I expected this last week to be interesting, but alas, it does not appear a top was made, rather a low.
My longterm and shorter term wave counts on AAPL are appended.
I think AAPL might be nearing the end of a Big III up. That has implications for the next correction and beyond. Typically the length of time for that correction would less than the II correction, and then AAPL would head up into a V wave, which would be a monster.
But right now it appears to me AAPL is nearing the end of the Big III, and the vth of 5 of that III is forming a very interesting pattern, a possible ED. Compare this one to the one for Bitcoin. Compare the RSI trends. The AAPL ED appears also to be contracting in time slightly. If the trend continues up the period of early July will become very interesting.
And if this is an ED, AAPL will drop to 50 within a matter of some few weeks, following completion. Just like Bitcoin. If it does, what does that say for the NDX and DOW? And if that happens I would think AAPL would bottom in a Big IV between say 20 and 40. My guideline in general is that most or all of 5th waves are given up, regardless of degree.
Tweets.
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