NASDAQ to parachute back to earth

FX:NAS100   NASDAQ 100 Index
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Nasdaq 100 has a tendency to take wonderful flights into outer space, but ultimately to be brought back to earth. I venture that the orange-tinted polygon represents its natural range. The blue triangle depicts the amazing surge in the late 90s and its collapse right back to ground zero between 2000 and 2003. The green polygon represents the top portion of its present flight into outer space. Its emerging downtrend could be quite as dramatic a plunge as happened in 2000. There are two major spots resistance on the way.
Could not agree more. I have similar out look for other major indices such as S&P 500, here is published chart, which which explains why I agree with you. Great chart, thanks for sharing.
+1 Reply
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