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Nasdaq Composite

10 Mar 2017 ‚óŹ 05:41 AM

I have discussed how the arithmetic scale has been better for US indices since 2009 to fit a channel into the rise. So the Nasdaq composite is not only at the upper end but at the point where wave 5=1, and where wave 3=1.618 times wave 1. This is quite a perfect fractal, textbook to say the least rare, and the Sensex had the same fractal fit for the 1999-2000 bull market. Time to see whether wave 5 terminates at this Fibonacci projection as it logically should.

nasdaq-100317

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