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Nasdaq - the bullish case (no reason to panic?)

Nasdaq Composite Index (NASDAQ:IXIC)  
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NASDAQ:IXIC   Nasdaq Composite Index
Wave Analysis Elliott Wave nasdaq
5
2
waveanalysis elliottwaves nasdaq
I believe we are in an expanded diagonal and could still have a couple of bullish years. It's possible (an alternative scenario) we could soon start the wave 5 of the diagonal, but I think that would be too short considering wave 1 and the proportions. Note that wave 5 isn't going to reach the 1-3 trend line so that wave 3 isn't the shortest.
Price action through custom Elliott Wave and patterns.
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