December 14th, 2012: Mid-day (EOD) Update
Posted by pugsma on December 14, 2012
12:15 pm EST: For the SP-500 nothing has changed since yesterday. For the primary count wave (2) of minor 3 of major -P3-C3 looks to have ended today at 1413 and now wave (3) up should get underway headed for a 1479 target, where (3)=1.62*(1). For the alternate (blue) count the 1413 low looks like wave (a) of minor 2 of major -P3-C3 and there should be a wave (b) bounce of about a 50% retrace up to 1426, before wave (c) hits 1400, where (c)=(a) or 1384, where (c)=1.62(a). Note the minor 2, 38% retrace is at 1403, 50% at 1391 and 62% at 1379.
Support is at the 1386 pivot and resistance in the 1422 to 1427 band and then the 1440 pivot.
Have a great weekend ! And don’t forget to sign-up for 2013 Premium Service: http://pugsma.wordpress.com/2012/12/09/december-9th-2012-2013-premium-service-enrollment-open/
SP-500 60-min chart (mid-day):
11:55 pm EST: Here are the updated AAPL 15-min and 60-min charts. As long as the Nov 16th 505.75 low holds, then the primary count is still alive with major -P5 being today’s low (currently 507.66). If 505.75 falls, then the alternate (blue) count is in play with a wave iii-(5) of minor 5 of major [C]-P4 target at 1497, where iii=1.62*i. The minor 5 targets are 1495, where M5=1.23M1 or 1464, where M5=1.62M1.
AAPL 15-min chart (mid-day):
AAPL 60-min chart (mid-day):
AAPL 4-hr chart (mid-day):
AAPL daily chart (mid-day):
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