Elliott wave analysis of Apple and Facebook

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 Apple - See my post from October 8 here first: http://theelliottwavesufer.blogspot.dk/2012/10/elliott-wave-analysis-of-eurusd-eurjpy_8.html.

With the clear break below 617 there should be no doubt anymore. Wave 3 peaked at 703.86 and we should be looking for a multi month and pretty deep correction. As a minimum I am looking for a decline towards the 522 -556 area. More likely we will see 522 than stop at 556 and head higher.
As wave 2 was a simple deep zig-zag correction we should be looking after some kind of flat correction or a more sideways drawn out triangle, but it's way to early to tell which kind of correction will play out

Facebook - The bottom of my target area between 18.79 - 19.77 has now been tested with the low yesterday at 18.80. There is no more room for correcting to the downside and we should now been looking for a break above 20.48 as the first indication that the correction form 23.36 is over and a new powerful impulsive rally has begun. Longer term I'm still looking for a rally to at least 27.37 and likely even the top of wave B at 33.45.