Think for the Best
Is the market adjusting or entering into Bear Market? Think for the Best, prepare for the Worst !!!
NASDAQ is the weakest among the 3 indexes; it had a false penetration of the 50-SMA. The high of IXIC was 14896 on 5th Aug, yesterday closed at 14541. The high of NDX was 15181 of the same day and yesterday closed at 14933. This seemed to be the Truncation of Wave 5.