Trade the Cycles

Friday, October 16, 2009

NDX (NASDAQ 100) Might Have Peaked and Put in a Bearish Double Top

NDX (NASDAQ 100) might have peaked (major upcycle since late 2008, probably the countertrend Wave 4 up, and, Wave B up, of the Cyclical Bear Market since late October 2007) and put in a bearish double top, see the daily and weekly charts one and two at http://bit.ly/11JgKT.

"The NDX (NASDAQ 100) Cyclical Bear Market Elliott Wave Count Is Clear," see http://bit.ly/F0WRf.

.......http://www.JoeFRocks.com/

posted by Joe Ferrazzano at 8:22 AM

3 Comments:

  • Fed Credit contracted for 3rd consec week, substantial -$12.882 Billion decline, a clearly bearish indication, see http://bit.ly/Ys2ds.

    By Blogger Joe Ferrazzano, at 8:29 AM  

  • "On An Inflation-Adjusted Basis SPX Has Been In A Secular Bear Market Since March 2000!" see http://bit.ly/JKhdZ.

    By Blogger Joe Ferrazzano, at 8:30 AM  

  • SPX chart with Elliott Wave count suggests that Intermediate Term Upcycle since 3-6-09 is peaking. See http://bit.ly/18T7lw.

    By Blogger Joe Ferrazzano, at 8:31 AM  

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