Nasdaq 100

Chart of the Day 17 sept 2015

You can get these charts for free at . They are randomly chosen. This one is of the Nasdaq 100, in short the tech index for the big boys. Does anyone see a double top? Anyone see 5 waves up from the 03 lows? To us it looks like a 3-wave B-wave ready to break support at any moment now. Yes, the post-financial crisis rally is still intact but if it breaks there really is nothing to hold it up un till you are down to about 2500/2000, roughly 50%. If this is a “flat” as we think it is, it will fall back to the bottom of the chart and then some.