INDEX:IUXX Nasdaq 100 Index
I was reading an article this morning, and the author posted a very interesting chart. We can see that the NASDAQ is currently at a key resistance line. the past two time it reached that level, we had a recession and financial crisis. So here we are again, will history repeat itself ? the author thinks so. Comment are very welcome
Sometimes the market is really clear, like when the lights turn on in a darkened room. Then there are other times when things get fuzzy, or really fuzzy. What I find happens at the end of earnings season is that the market just sets there waiting for something to happen. I'm not big on this "trendline" you show because I don't think it is shaping popular opinion. I do think that people have lost their minds with the price of Apple stock - and that is driving a huge chunk of the rally in the nasdaq. Think about $500 billion dollars of market cap to a world of 6 billion people... it's almost $100 in value per person in the world. Who knows how this uptrend in Apple will end, but that is the question to ponder.