Is it Deja Vu all over again for NASDAQ?

The recent NASDAQ’s all time high has not been confirmed by any other major indices. In January of 2000 right before the dotcom crash, NASDAQ made a solo run to record highs gaining nearly 30% while the other indices stayed behind. Unfortunately for NASDAQ, roughly 80% selloff was waiting for the index when the dotcom bubble crashed. The non confirmation is not a timing tool but it signifies that fractured markets are signs of an unhealthy market. Now, we are facing another round of fractured markets where NASDAQ is leaving the rest behind. Are we headed for another stock market debacle, the current Elliott Wave Count seems to think so.