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Category Archives: Misc.

Apple Stock Breaks New Record Highs!

Last month, Apple’s stock chart started to go vertical and is now forming a spike. I use one trend line which touches close to 3 peaks, and now is on its 4th peak. All this under the anticipation of the iPhone X  release.  This is nothing new that hasn’t happened many times before. What’s just a bit different than any other time is that all major stock indices in the USA, are also at world record highs this past week.

Apple’s charts have diagonal qualities to them so I used zigzags with this wave count.  Sooner or later every bull market will start to act like nothing can take it down,  so investors feel “Safe” inside the herd of investors. The VIX confirms this, as it also crashed to another extreme new low price.  The Apple $200 price forecast is pretty common, but that is a safe forecast.

How deep or long of a correction Apple will have, all depends on the degree of correction, that we may see in the next few years. Any bottom trend line would be pretty useless as it would only touch one point while the top has 4 touch points. There are two major price bottoms of $89 and $55 which we can use, but they are just visible targets on the charts.

Insiders left a long time ago and they are not rushing in to buy. What really stands out, but few will ever know about or even use is the Gold/Apple ratio. The cash, gold price divided by Apple’s stock price, will give you the amount of shares you can buy with one gold ounce.

At this peak the Gold/Apple ratio has hit a record extreme of 7.5:1. This is the most compressed number since I have been tracking this ratio, and it shows how expensive it is when we use real money. Sorry, Bitcoin is not real money, it’s invisible speculation money.

Apple could be at a wave 3 top in Cycle degree as its ability to innovate are being hampered. At a minimum Apple could hit that $85-90 price level again, which is barely a 50% correction. The $150 and $140 price level also needs watching as that could supply short term support.

The only important support is the price that will kick of a new bull market, and nobody knows where that may end.

Harry Dent has forecasted a DJIA 5000 price level to come, and Apple is part of that. So when the big markets start to crash will Apple stock holders be,  “safe”? I doubt it very much.

Making a DJA forecast of 5000 means little if we can’t forecast the bull market that will be sure to follow. Besides, there is “NO” previous bull market support down at the 5000 price level.

T-Bonds Weekly Chart: Head&Shoulder Review

It seems that I have been working on the T-Bond bull market off and on for decades, but the 35 year bull market was so choppy that impulse waves were next to impossible to find. It wasn’t until about 2013 that I started to focus on looking at the markets from a diagonal perspective. 

 Good impulse waves are next to impossible to find, in a diagonal bull market, but yet many experts count them like impulse waves.  They should be counted like zigzags connected together, with the ABC1, ABC2, ABC3, ABC4 and ABC5  labels. A diagonal sequence belongs to the 5 wave impulse sequence, and in the book they call it an ending diagonal. Triangles can act just like diagonals as well, but that still  may be much harder to confirm at this stage. I’m pretty sure that the T-Bond bull market is a Cycle degree, but at this time it is unclear if this was a triangle 4th wave rally or a 5th wave diagonal rally. Both options are just about always open. 

T-Bonds are sitting right at a H&S pattern, and they have started to rally. This bond top, sure looks like there is a potential expanded flat hiding in plain sight, and that the May crash bottom is just the start of a “C” wave bull market phase in Minor degree.

All I would have to do is drop the Minute degree start, down one degree level, and nothing else would need to be changed. Any potential start sure has been looking like pretty good impulse waves, so that would mean most all the other waves will follow along, until we run into 5th waves. This “C” wave sure would be a nice refresher for a change.

I labeled the potential peak above the new record high, but it can go much further  as “C” waves in a zigzags can stretch far out of proportion. Nothing is even in the waves of the real world, and the 1929-1932 crash is a clear example of how zigzags can get bent out of shape. 

The T-Bond bull market may not have died in 2016, and exploring the options would be the smart thing to do.  Either way a new record high would have to be achieved in the longer term. Short term we need 5 waves up in Minute degree, so we have a long  way to go before it is completed.