COMPQ – Nasdaq Composite 16 December 2012

Because of the scale of the 2000 correction the count is not affected and it does not really matter in the medium term the fractal wave scale pivot 1, 3 or 5. It shows typical characteristics of a wave 2.

Hopefully in this new format you will start to see how fractal waves are time warped as described in MAP Wave Analysis Part 6 – Understanding Fractal Waves and Time Warp.

Looking on a Yearly tick as far as I have data;

Y

Quarterly tick from the 2000 top;

Q from 2000 Top

Monthly tick from the 2007 top;

M from 2007 Top

Weekly from the May 2011 top;

W from May 2011 Top

And on daily tick from the September 2012 top;

D from September 2012 Top

We will know tomorrow if this correction is over and if we getting a Santa Claus rally. On smaller tick levels this correction is near its end,  and I am anticipating new highs this week.

The new colour coding is as follows;

Colour coding

Marc

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