Apple - $390 here we come

AAPL - long term

It seems Apple Inc. will teach "retail" investors a lesson... Wave 5 is just around the corner. Wave equality between 1 and 3, alternation rule (wave 2 was sharp and wave 4 is flat correction) just boosts chances for this scenario...

SPX - new count

I think old count no longer valid and we must switch to the new one.

SPX - long term

This is more pessimistic one... instead of wave X in global correction SPX is finishing wave 5 which took form of ending diagonal. This means we have some more upside to 1580 area but after this mark everything becomes dark...

SPX - short-term

Fibonacci cluster is at 1585 and people should exit their longs there... Still, it does not mean you should go short right there.

Game over for Citigroup?

Citygroup Inc. quickly approaching critical fibonacci cluster.. On one of these levels will be final.. Price should not go above $53 - it will invalidate wave count.

C - Long term

C - short term

Do you have blackberry?

BBRY

Sometime Reserch in Motion will see new high. Meanwhile, I think correction is not finished. And wave B will stretch in time.

Long term future of Apple Inc

AAPL - Primary count

So Apple Inc. has future! There are two counts and both say AAPL will hit a new high.. Dates are messed up on chart (Motive Wave still needs to fix things in their software) but I think it will happen on summer of the next year.

But short term outlook does not look so uptrend... Price targets $200 area. Of course it will not happen overnight and not in one big move, we have a strong chance to see flat correction in this wave 4 because of alternation rule.

AAPL - Alternative count

Alternative count suggests that intermediate wave 3 is not finished and there will be much lighter pull back rather than $200. Maximum of this pull back will be $310, and more realistic target will be $360. But in general it is less likely scenario because this huge volume on chart wants to say where real wave 3 is.

Facebook - bigger picture

FB - long term

Looks like double zigzag took place in wave 4. Here is more detailed count on sub levels.

FB - lower time frames