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Nasdaq Part 1 :

Tonight I will just do a brief post on the Nasdaq and will provide a more comprehensive analysis tomorrow morning . As you can see there are three dates outlined on the Curve .The first date is the 28th April which was projected to be Minor Low so we could already have Low in place at 12430 but this may only turn out to be a Minor Low so if you do decide to take a position around this point ensure that a time based stop is set just below the 27th April low point as this is only a Minor Cycle Low . Following this point the trend is projected up into the 5th May where counter trend Top is indicated so if you were patient it would pay to wait for this date to come in and then a few days beforehand we should be able to determine if the market is running up into this point and setting up for counter trend high . The next Major date is the 17th - 18th May which could turn out to be Major low so if we get a counter trend top setup into the 6th May this may present a good opportunity to go short and hold the position leading into the 17th - 18th May .

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