Apple Inc (AAPL)

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There are two kinds of Elliott Wave Theory.

Subjective Elliott Wave Theory

objective Elliott Wave Theory


Currently General markets are in bull market! Wave 3 major.

Once the Major Wave is complete, then MAJOR Wave 4 will take general markets lower.

Then MAJOR WAVE V will start, and last until around 2017

Currently, SPX in minor wave 4 correction.

1800 is the line in the sand for this minor wave 4

1900 plus could happen to end wave 5 of 3

It's not very wise to be too bullish when any type of wave FIVE is playing out.

Wave fives one should be net seller

Not a buyer.

Currently, I only day trade.

Most I hold any position is few hours at the most.