Elliott Waves warn of Apple correction US Stocks outlook Add comments Oct 022012 Ramki Ramakrishnan’s Elliott Wave Analysis of Apple (NYSE:AAPL) appears in Forbes today Tweet Share this:FacebookGoogleEmailRedditTumblrPocketPinterestLinkedInPrint 21 Responses to “Elliott Waves warn of Apple correction” nadir236 says: October 2, 2012 at 9:27 pm very informative article mr. ramki. i like your 2nd chart indicating wave 3 at 644. that is where macd tops out. it even shows a divergence! http://i.imgbox.com/abqVa24Q.png Reply nadir236 says: October 2, 2012 at 9:40 pm what a coincidence iphone 5 marks the end of wave 5! i predict the next series of iphones will have letters in model numbers…… iphone a, iphone b, iphone c Reply Ramki Ramakrishnan says: October 4, 2012 at 7:36 am Hi Nadir, that’s an interesting comment Reply KB says: October 3, 2012 at 12:22 am Some interesting analysis Ramki on Apple. It highlights what we as traders deal with. It could be… It might be…. It should be…. As you say no one knows the future, to pick tops/bottoms, and major turning points within any market, However, having traded with and without the use and guidelines of Elliott Wave and Fibonacci relationships to market movement, I feel you will always be in a better position to understand the mkt using these tools. Yes there could be more than one applicable wave count, but that’s the job, place your trade and your stop, and move on. Keep up the good work, people can learn a great deal from these pages, Regards Reply Ramki Ramakrishnan says: October 4, 2012 at 7:30 am Hi KB, you summed it up nicely. What EWP can do is to give us a broad plan of action. Then we try and fine tune it as we approach our low risk levels. Sometimes it doesn’t work out, and we take a small loss.When it does work, it works fabulously. Reply luca says: October 3, 2012 at 12:48 pm HIHI Dott. Ramki, if poss. can you give us an update on the euro? (medium term? pls) cheers __luca Reply Ramki Ramakrishnan says: October 4, 2012 at 7:24 am Hi Luca, next week. Reply Vasilios Vasiliou says: October 5, 2012 at 7:39 am Dear Ramki, Just for your info, the Greek General Index climbed today at 830 (+76%) since 470 low. Regards Vasilios Reply Ramki Ramakrishnan says: October 7, 2012 at 8:06 am Hi Vasilios, Thats the power of Elliott Wave Analysis! I hope you particpated in that move….there sure are lots of opportunities around. Reply yenny says: November 2, 2012 at 5:35 pm Hi Ramki, I’m watching AAPL and just saw this article. Needless to say, I wasn’t able to participate in this strong down move. Now that AAPL had gone past the 586 target, do you have an update of this analysis? Some chart indicators would normally indicate oversold levels if applied in past corrections. But if 705 is wave 5 top, what would be the downside target now? Does this mean the transition of AAPL from growth to value stock? Thanks. yenny Reply Ramki Ramakrishnan says: November 4, 2012 at 8:33 pm Hi Yenny, if you read that Forbes article again, you will see that I have discussed additional possibilities. Reply Subodh kode says: November 18, 2012 at 2:04 am What the outlook on AAPL now? Time to buy or sit aside Reply Ramki Ramakrishnan says: November 23, 2012 at 1:06 am HI SUbodh, Thanks for posting. I am afraid WaveTimes.com does not offer trading advice. Most people come to this blog to learn. Reply Subodh Kode says: December 12, 2012 at 6:03 am Thank you for your reply.looking at current apple chart here the stock has seen 589 move and back!to527, now trading at 542, looking at thencurrent trend whichbwave are we in? Thanks Reply Ramki Ramakrishnan says: December 27, 2012 at 8:37 am Subodh, it is too soon to call a bottom in AAPL Reply BJ says: January 24, 2013 at 6:14 pm Hi Ramki, Does the peak at 705 look like a big wave 5 now? Best Regards. BJ Reply Ramki Ramakrishnan says: January 29, 2013 at 6:11 am Hi BJ, the depth and speed of correction does suggest that. Reply Danny says: February 6, 2013 at 11:07 pm Hi Ramki, I’ve been following you since this post, and have been following Apple’s correction since then. I finished your book and it has paid off indeed! This question is for learning purposes, has Apple just started its next impulse cycle or is it only completing the 5th wave of C? Thank you in advance. Danny Reply Ramki Ramakrishnan says: February 8, 2013 at 10:30 am HI Danny, I would like to believe that it will make one more attempt to the downside.. Reply Subodh kode says: March 10, 2013 at 7:49 am Hi Ramki This question is for learning purposes,looking at current apple chart has Apple just completed its extended 5 th wave cycle or is it only completing the 5th wave of C? Reply Ramki Ramakrishnan says: March 11, 2013 at 7:47 pm Subodh, For the time being I will consider it as wave 5 of C, and will be more than happy if I could ride the recovery that will come at the end of the 5th wave of C. As a trader who knows EWP, I can always take a fresh look as it moves higher Reply Leave a Reply Cancel reply Name (required) E-mail (required) URI Your Comment Notify me of follow-up comments by email. Notify me of new posts by email.