Elliott Impulse: APPL Wave Examples and Correction Expectations

The purpose of this chart is to show how Elliott Waves can be identified generally in common charts, how the cycles can be superimposed, and how you can make general predictions using wave theory, especially with a stock like Apple. The general price levels are meant only to give ranges that you can reasonably expect for possible corrections on different timeframes. I didn't illustrate the corrective waves here for two reasons: First, because I want to emphasized the longer-term trends, and second, because I want to show the near infinite repeatability of these patterns in a single market. Happy Hunting Everyone

Komen:

This prediction is still looking accurate at the moment, but nobody knows what will happen here. If I was long on this before, I would get out and possibly short it. But I don't play this because it's too unpredictable: too many shares, too much institutional treachery.