KrunchieKilleen
Short

NASDAQ ON A LONG DOWNTREND

FX:NAS100   NASDAQ 100 index of US listed shares
81 5 4
NASDAQ could repeat the pattern of the dotcom correction of 2000, (blue triangles). Upswings will occur, but the trend could continue downwards throughout 2016 and into 2017, until the long-term Support Line is reached.
I like your "internal trendline". Can you get rid of the negative numbers on the scale?
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I don't know how, at the moment!
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Agree 100%. I actually believe prices will reach lower trendline and then normalize back to the trendline shown.
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KrunchieKilleen smitheric1970
I agree that it should break the trendline shown, but would not bet on it going quite as far as the lower trendline.
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smitheric1970 PRO KrunchieKilleen
Oops, yes agree, my chart I am looking at lower trend passing through 9/24/01 and 7/24/06 lows. Good trading sir! Final stop 2300'ish!
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