Color Scheme of the Charts to Differentiate the Various Wave Degrees is:
{ Supercycle / Cycle / Primary / Intermediate / Minor }
{By clicking on any chart, it will enlarge for ease of viewing. Commentary at the top of each chart is more easily read, also.}

Tuesday, October 29, 2013

Nasdaq 100 Top Wave Count

If the FED disappoints at tomorrow's 2pm announcement, it could be a catalyst to send the market down and complete Cycle wave V!

Nasdaq 100 inches closer to a top!

Interpretation is a little bit tricky (appropriately so for this time of year) but not so much so to spook me away from posting an interpretation of the current price action.  Black lines connect the waves as I drilled down to closer time frames, while blue line reflects my predicted price movement including best guess for a wave V high.

NASDAQ 100 Best Interpretive Wave Count