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Tuesday, February 18, 2014

Nasdaq 100 Eyes 3900 in a Very Over Bought Condition.

Nasdaq 100 extremely over bought sets its sights on 3900 target for double zigzag pattern.

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2 comments:

Anonymous said...

Back on 1-24 you posted a chart that also mentioned 3900 and had a very similar wave count. Does this mean that this wave count is more valid since ret has recognized it twice in the last 3 weeks or is it just coincidence?

February 18, 2014 at 11:20 PM
John A. Shalvey said...

The fact that this chart showed up before (the (dz) with 3900 target) only means that previously RET recognized it as the "Top" (most preferred/highest ranked) wave count. As this pattern matures, the number of options for interpretation are getting fewer. Presently this count remains the top count. Today's (02/19/2014) posted chart even shows a smaller degree zz synchronizing beautifully with the larger degree (dz).

February 19, 2014 at 5:24 PM

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