Palladium and NASDAQ and AAPL Oh My ….
Palladium and AAPL and NAZZIE and XLK (tech ETF) – are VERY interesting right now.
- Palladium – CLEAR 5 waves up ….
- Note the charts below – while not exact they do trend the same and while at times leading and lagging each other, once they do turn they sync and roll.
- Note, the XLK and PALLADIUM.
- They are almost exact coming into the lows in 2003 and all the way up into 2008 and then down into 2009
- The most interesting aspect is the big corrective move down in Palladium in 2011-2012. Note how XLK paused and consolidated and then took off.
- What’s happening now …? Palladium has collapsed – big. And XLK has paused and held the highs … with XLK showing a clear 5 wave move up we might be on the verge of a big move in technology. (hint hint: perhaps the target on AAPL is a BIG LOW and off they go?)
Charts – check em’ out and draw your own inclusion.