If Nasdaq is a Parabola and if it behaves as a normal Parabola, 12000-15000 range is conservative.
12000 will imply a 50% gain from an important 8000 resistance level. Which how much Nasdaq made during the 2016-2017 bull market.
15000 is needed if Nasdaq is going to have a major correction of about 30-40% (which will eventually happen in the future).
It will be nice for Nasdaq to go to 15000, and then have a major correction to retest 10000.
Even if that happens, that doesn't mean the Parabola is over, you only know that it is over AFTER the effect.
In fact, it is NORMAL for a something that is going Parabolic to have 30-40% correction on the way up.
And many people will believe that will be the ultimate crash, ending up as a bear trap to trap people into shorting the market.
Never undermine the power of bull forces and parabolic moves.
I believe that a recession will happen and a major correction of 30-40% will happen, but that alone is not enough to signal the ultimate top for the stock market for the next few decades.
Current level is still conservative considering that it was 5000 back in the year 2000, 20 years ago. A major generational top will be something like 50000.
Therefore, I will continue looking for opportunities to play in the market, finding the next 10-20 baggers in the market and continue to grow my wealth in the era of Industrial Revolution 4.0 at the expense of most people missing out on this generational shift.
Well, education comes at a price. Only people who has studied the market and done extensive research and also filtering out the noises will be the winner. The rest will be a net loser.
Highly optimistic and bullish on technology in general.
@Hobby_trader, the OP is correct. Nasdaq will likely hit 12,000 EOY. 15,000 is a stretch but 12,000 for sure.
gata9aigata9ai
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@Hobby_trader, Biggest joke hey!!! Nasdaq on it's way to 12,000. Looks like the joke is on you!!
Hobby_trader
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@gata9aigata9ai, Before you laugh, look at the chart.
I didn’t say he wasn’t going there, but that a correction was coming, You idiot!
Before you speak to me, tell yourself!
gata9aigata9ai
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@Hobby_trader, Hey numbnuts, everyone knows there is going to be a major correction around 12k. This is common sense. 2021 will be a rough year for a lot of people. That said, massive equity inflation is coming, particularly as we move towards a Ready Player One society where Big Tech controls all.The Nasdaq will hit 50k by 2030 after 2021 deflationary bust. Equity inflation going to go berserk in 2022. This is common sense for anyone in the know. I tried to warn you!
Grant555
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@Hobby_trader, imagine all the money you could've made if you hadn't thought this prediction wasn't a joke?
MarcusAu
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Totally agree, I think IXIC will reach 50000 in the 2030s. 2040-41 might be another 1929 or 2008-ish collapse, as it is the major benner cycle trough after 2003 and 2021.