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.}

Friday, January 24, 2014

NASDAQ 100 says More Upside Remains

NASDAQ 100 is Eying the Round Number 4,000 as its Pre-Crash target!

S&P 500 Nearing a Major Peak

Although the center chart of the S&P 500 shows only 3 of 5 completed of Primary wave 5 from chart #1, there is an alternate count that suggests all 5 of 5 have completed and we are now descending in the first leg of the new major bear market.  The intensity of today's selling would suggest that as well, but for now we will stick with the preferred count illustrated.