NDX/NAZ and AAPL

We 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.