Nasdaq’s rise has finally come to a halt

Nasdaq Trading Halt

The Nasdaq has been the last of the Major Indices to top. The Nasdaq reached its all time peak in Mar 2000, which was a Cycle Wave Top. Oct 2013 marks the b wave retracement of the Cycle Wave Top and is of Primary degree.

Mar 2009 to Oct 2013 is a c wave of intermediate degree, which is in turn broken down into 5 impulse waves of Minor degree.

The entire topping process for the Nasdaq Composite is complete and the trend is now down.

 

Nasdaq COMP 27-04-14 5yr

Nasdaq Comp 1970 to 2013