Insights into where the top 10 stocks in the Nasdaq 100 are heading in the next few months. Regardless of whether you are actively trading these stocks, work for the company, or are holding these as a long term investment - these insights are important.

1. Top 10 Stocks in the Nasdaq
100
Insights from the TradingWithWaves Decision Support Engine to help
your trading

2. Over at TradingWithWaves.com we help
people leverage our Decision Support
Engine (DSE) to improve their trading and
investing. We analyze the top 25 stocks in
the Nasdaq 100 every week looking at
different timeframes and influences on
the stock. Some insight on our track
record can be obtained from looking at
our Nasdaq futures tracker where we
have locked in over 11k futures points
($50/point). The top 10 here is ordered
by weighting in the Nasdaq 100. (Click on
the charts for a larger view)

3. DSE got us short between 600 and
700, with a forecast for a test of
400. That happened last year,
after which DSE warned of a test
of at least 550. That happened
this year, after which DSE warned
of the next major move, which
should be at least a test of 425
(along the blue path), with
potential for a test of 275 (along
the white path). Both paths are
still alive, as the stock has
approached the point where BOTH
PATHS POINT LOWER (between
here and 600) for several
months! Although the stochs
allow this stretch, odds favor a
reversal before that “big number”
is seen, as the upper BB is 588,
and the upper 3 sdb is 598. That
puts aapl into “clear and present
danger” status, which should be
sold if long, and shorted if able.
AAPL

4. This monthly chart shows one of the greatest
examples of parabolic rallies, followed by the EWT
expectation of the return to the point of parabolic
origin. This “if – then” is always seen, without
exception. Since that crash low, the stock has risen
in a huge ABC corrective structure to just above the
Fibo 62% resistance of the entire
decline. November saw the upper 3 sdb tested,
which failed, giving way to the current decline,
which is now back below the upper 2 sdb. With
monthly stochs pegged at overbought, and weekly
and daily crossed down, the path of the coming
couple years should be consistently lower, even if
the high 70′s are seen first.
QCOM

5. This monthly chart shows the turmoil that
investors have lived through since its all time
highs at the dot.com bubble peak, as well as
where the next few years should take the
price. Those coming lows will arrive in the
middle of some metamorphosis of the company,
as it transitions to its NEXT big thing. Until the
15 level is retested, from the ’09 lows, this area,
and into 45, is the selling zone, regardless of the
justifications of those already long and
leveraged.
MSFT

6. This monthly chart shows an
enormous “irregular flat” correction in
the making, where wave (B) of 2
moves high above the orthodox end of
wave 1, before falling to complete all
of wave 2′s correction, as wave (C)
tests the low of wave (A) of 2. It may
seem odd to label the move from 250
to 1100 as a part of a correction, but
that is what is required under EWT,
since the rise from the ’08 low has
failed to form an impulsive
structure. Note that the stochs are
now as overbought as they have ONLY
been in late ’07 and late ’09. DSE
warns to “look out below”, just as it
did in late ’07, as the 700 level was
approached. Those attending our Nov.
’07 “Battle in Seattle” workshop
remember this as the poster child for
disaster. It turned out to become just
that for those that failed to exit. It’s
about to have the same outcome.
GOOG

7. This monthly chart shows a similar pattern
to that of qcom. It was caught in the same
mania at that time. After the first four
analyses, this one speaks for itself.
ORCL

8. This monthly chart shows a monster bull
market in the making, where only waves ’3
is ending here. After a multi-month wave
’4 concludes, wave ’5 should take prices to
at least the low 90′s, if not 100, before EWT
and Fibo corrections, of a magnitude never
seen before in this company, take prices
toward the low 40′s. Note these stochs
haven’t been this overbought since the end
of wave ’1 in 2008, and are making slightly
lower highs than in March; a hint that wave
’3 is now over. Weekly stochs just crossed
down as well! Biotechs have been “en
fuego” this year, and it’s time to remove
the capital from the bunsen burner, before
something explodes.
GILD

9. This monthly chart shows the
disaster that this former golden
child has become, after AAPL
ate its lunch with the
iphone. Yes, there appears to
be a completed EW pattern, and
yes the stochs are very
oversold. However, the risk of
ruin here is higher than random,
and must be considered a pure
gamble. We’d expect it to be
removed from the index in the
coming year. This is another
example of what follows a
parabolic rally; crash back to the
origin of the parabola. So,
technically, this is a screaming,
dream long, on the order of
where AAPL was in ’02, when
the post ’00 crash from 38 took
it to 6.50, before it rose to 705
last year; a 10 year rise of 100
fold.
BBRY

10. This monthly chart shows
a very similar reality to
several of the stocks
shown yesterday; qcom,
msft, and orcl. If
accurately labeled, the
next few years should be
heavy, and the 5 +/-2 zone
should be seen.
CSCO

11. This monthly chart shows the similar “fad”
status that we saw in the GILD chart, but
more reserved here. Still, the pattern since
the ’10 peak near 65 is unlikely complete,
leaving the blue path at the primary, and
white path at the alternate, forecast for the
next couple years. The upward stochs hint
that the white may become the primary
path, but the weekly stochs (not shown)
are crossing down from lower highs than
they reached at the Oct. highs.
TEVA

12. This monthly chart shows little
change from the last time we
highlighted it, which was at the
June high this year. In fact, we
drew that white box at the April
’12 peak, illustrating that the rise
off the ’09 low was corrective,
and should be sold. Intc has
been dead money since ’04,
having spent most of the time in
the 25 +/-5 zone since
then. With all rises forming 3
wave structures since ’00, there
is yet any evidence that the
corrective process is
complete. Therefore, the blue
path is still in control, and 10 +/-3
is expected within the next few
years.
INTC

13. Head over to TradingWithWaves.com where you can sign
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25 of the Nasdaq 100 as well as learn to use the Decision
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