Nasdaq correction in progress. Or Bubble popping? Stay Tuned

Well; that gap filled and held through FOMC and back to back large POMO days. Let's see how things play out with Non Farm Payroll Friday with NO POMO and in May. It's my view that the Nasdaq will be dragged down by all the crap MOMO names (LNKD, CRM, P, FB, TWTR, GRPN, ZNGA, NFLX, AMZN, and so on when investors realize they are holding stocks with no earnings and no return on equity.)

For now; here's the latest chart; will update more over the weekend.