Nasdaq Outlook 20Mar12


The current MAP wave count is H1 of 4H5 of D3 of W5 of M3 of Q3

This however is a clear case of discarding the bubble peak of 2000 as shown with the green dashed trendline and would change the count to H1 of 4H5 of D3 of W5 of M5 of Q1

Where will it go from here is difficult as I do not have sufficient pitchforks! The only one that often picks out pivot 5 is the 123 SP to 4. This limit is shown as the solid red arrow.

Pivot H1 zoomed the MLU so with this action a big move down to H2 is expected today!

 

 

This entry was posted in Nasdaq. Bookmark the permalink.

Ideas, Suggestions, Comments?

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s