Saturday, September 26, 2015

1929 Hotel Californication Count

All charts Nasdaq 100

5 waves down off of the FOMC meeting last Thursday and then 50% retracement (retracement doesn't even show up on the daily chart above)
Futures from FOMC last Thursday ('c'), through yesterday's close which almost broke to new lows...

As it was in Y2K, Nasdaq is leading the Third wave down

The doors just closed on the Hotel Californication