Wow… and my mom would die 1.5 years later… In December 1994.
Agreed that we could see an extension here… as I mentioned on PS’s thread, I’m not ready to begin shorting until I know it’s all over. When Apple hits 191.57, we SHOULD see a serious and trade-able decline unfold. Here’s the wave count I favor, which has us rising into the late summer to early fall timeframe:
I believe the correction beginning from the 1/3/23 highs is a flat, not a zig zag. Wave A ended as a ZIG ZAG at the 6/13/22 low, with a of B completing at the August '22 high, b of B at the Oct '22 low, and we're wrapping up c of B now, 5 of 3 of c, to be precise.
So the entire correction is a flat, and wave B is an expanded flat. Since c of B can be no more than 2X b of B in a flat, 5165+- is the max distance wave C can travel. The double-bottom pattern projection from the October lows as well as the prevailing fork project exactly to the 5165 area. |
