Since the September 2012 high, the NDX has traced out 3 drops and 2 bounces. The expected 3rd bounce never really materialized, signalling a very strong selling pressure. Look out below as a Wave 3 of multiple degrees plunges. Go short, buy puts.
Techcharter, I am in agreement with your recent analysis. I was waiting this morning to see whether the gap up was followed by a correction and an additional wave up before a turn down. When it didn't show up I took a spread position on the SPXU with December puts and calls.