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.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART