Nasdaq dropped below 2800 level and the top of mini wave i.
It is possible than mini wave v has been completed, a failure v. It is also possible that sub-wave 5 and wave (iii) were also completed.
Let's observe a few more days for confirmation on the completion of major wave 'X' for Nasdaq.
It is possible than mini wave v has been completed, a failure v. It is also possible that sub-wave 5 and wave (iii) were also completed.
As shown below, the historical peaks of Nasdaq and Dow were set in year 2000 and year 2007 respectively. These two indices somehow will have to move inline with each other. To match the two wave forms, Dow will have to take the form of a super wave (IV) for a A-B-C-D-E wave pattern whereas Nasdaq takes on a A-B-C-X-A-B-C formation as shown below.
Let's observe a few more days for confirmation on the completion of major wave 'X' for Nasdaq.
.
No comments:
Post a Comment