Elliott Wave 5.0 "Reboot"

Wednesday, March 2, 2016

Apple Elliott Wave Count Review

Apple had been taking a beating as the FBI and Judges all want Apple to unlock one of their phones. Just goes to show how good the encryption is on an iPhone if the FBI needs their help. 
Maybe they should visit the NSA as they seemed to be good at tapping any phone.  I'm for the fight that Apple has taken as spying is to relevant now with the advent of flying camera drone.

The recent rally looks good, but I'm not that sure that it's run keeps going as this could just be a 4th wave rally. If it is then another new bear market low will come before it cranks up one more time.

At a minimum I would say that Apple has to fall below the $92 price level as at this time we have a double bottom. Double bottoms can always be broken so the next few weeks will tell us more.

If the large zigzag turns out to be true, then eventually Apple should exceed the $124 price level again.