Algokid

Will History Repeat itself ? ( NASDAQ Analysis)

INDEX:IUXX   Nasdaq 100 Index
283 7 0
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
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Algokid PRO
4 years ago
The markets have been up 16 % or so , since mid- December , so most traders will take some profit right now. But if this rally is real , and if Benny Boy ( Bernake) announces QE3, there could be a significant upward move. Only time will tell
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timwest PRO
4 years ago
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.
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