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How to Protect your Wealth by Investing in AI Tech Stocks

NDX/NAZ and AAPL Tech Stocks Analysis

Companies / Tech Stocks Jul 21, 2011 - 01:55 AM GMT

By: Tony_Caldaro

Companies

Best Financial Markets Analysis ArticleWe updated both the NDX and NAZ charts today to the most obvious pattern: Primary wave V underway. If we review the NDX since 2009 we have quite a clear pattern. A 13 month rally, which subdivided into five Major waves and we labeled Primary I. Then a sharp 3 month 17% zigzag correction, which we labeled Primary II. Next comes a 7 month rally, no OEW subdivisions, into a February high. This is followed a 4 month 9% irregular flat correction that completed well above the Primary I high.


At first glance it looks like a Primary I and II followed by a Major 1 and 2 since there were no subdivisions in the second significant trend. However, we do have two strong impulsive rallies 13 months and 7 months, with no overlap and alternation between the corrections. When we review the monthly chart we see a pattern that appears clearer. Notice both corrections tagged the 13 EMA.

Now look at AAPL’s monthly chart, the NDX and market leader. Notice both of its corrections also tagged the 13 EMA.

It’s two significant corrections also had alternation: an irregular flat, and a zigzag. This suggests both the NDX/NAZ and AAPL completed Primary IV at the June low, and are now in Primary V. In regard to AAPL. Where is the volume in this Cycle wave [5] wave? Cycle wave [4] completed at the 2009 low.

CHARTS: http://stockcharts.com/...

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After about 40 years of investing in the markets one learns that the markets are constantly changing, not only in price, but in what drives the markets. In the 1960s, the Nifty Fifty were the leaders of the stock market. In the 1970s, stock selection using Technical Analysis was important, as the market stayed with a trading range for the entire decade. In the 1980s, the market finally broke out of it doldrums, as the DOW broke through 1100 in 1982, and launched the greatest bull market on record. 

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Copyright © 2011 Tony Caldaro - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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