The NDX (NASDAQ 100) Cyclical Bear Market Elliott Wave Count Is Clear

The NDX (NASDAQ 100, http://bit.ly/Vl1aE) Cyclical Bear Market (since late October 2007) Elliott Wave count is clear (strongly suggests, but, obviously doesn't guarantee, that the recent/current NDX major upcycle is countertrend action), see Weekly Chart 2 at http://bit.ly/Vl1aE.

A Wave 1 Intermediate Term Cycle Low occurred at 1668.57, a countertrend Wave 2 Intermediate Term Cycle High occurred at 2055.82, a large inverse Elliott Wave 12345 (down up down up down) Wave 3 Intermediate Term Cycle Low occurred at 1018.86 in late 2008, and, a countertrend Wave 4 Intermediate Term Cycle High (also the countertrend Wave B up of the NDX Cyclical Bear Market since late October 2007) appears to have occurred at 1754.54 on 9-23-09 (see Daily Chart 1 at http://bit.ly/Vl1aE).

So, the second corrective Elliott Wave 4 upcycle of the NDX (NASDAQ 100, http://bit.ly/Vl1aE) Cyclical Bear Market since late October 2007 appears to have peaked at 1754.54 on 9-23-09 (see Daily Chart 1 at http://bit.ly/Vl1aE), which means that a huge final Wave 5 Intermediate Term Downcycle might have begun on 9-23-09.

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