Apple Inc (AAPL)

[nwsun]

I just don't see that kind of a crash, yet. Just remember, the last thing that DC wants is a restless population. That kind of unrest won't happen until after the new president is elected and then they can blame whatever happens on the previous administration. How or what the event looks like that takes the economy down again, is anybody's guess. Who thought something like 911 would happen. We all saw what that did to the market and it coincided with the 8 year economic cycle I see is the norm now.

My EW guy see's new highs for 2 years minimally. He's been pretty right on for the few years I've been watching him. He does talk about this Wave 4 that is about to happen real soon as being a quick drop, but then up again. Here is his current outlook as of Jan 9th.

Wave 1 = 1560.33 to 1709.67
Wave 2 = 1709.67 to 1627.47
Wave 3 = 1627.47 to 1849.44
Wave 4 = 1849.44 to ????

Most likely targets for wave 4 are:
1797.06 = .236 of wave 3 up
1764.65 = .382 of wave 3 up