On Thursday 9 February I wrote that there would likely be a final push higher for some equity indices, and not others. It appears that US indices, particularly the Apple-powered Nasdaq100 will indeed make a new high. I expect that it will be the final high, finishing the structure from mid-December 2011, heralding a significant “risk-off” correction.
The original post is below this 15 minute chart of QQQQ, the Nasdaq100 ETF.
Sent: 09 February 2012 18:12
To: aidynkussainov@btinternet.com
Subject: Asset Markets Close to Peaking
We are currently finishing the structure from the low of 31 January, NOT (I believe), from the fourth wave low of 30 January.
We therefore need a fourth wave (about to unfold today/tomorrow) and then a final push higher (Monday?). I expect that a lot of indices will not make a new high on Monday… but Apple-powered Nasdaq100 should.
QQQQ count:
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