jangseohee
Short

Double Top Nasdaq

INDEX:NASX   Nasdaq Composite
333 6 5
During the dotcom bubble crisis when Nasdaq make the TOP, i saw the it intentionally left a GAP filled only by wick/shadow. 14 and a half year latter, the price of Nasdaq is just a stone's throw away from filling the GAP with many small month solid candles up to ard 4550 and beyond but bound by the rising wedge!!

Correct me if i am wrong, i personally feel that a GAP filled with solid candles are more secure and reliable than being filled with just shadows :-)

However, the MACD current top is much lower than the MACD top back in Feb 2000 and the Stochastic RSI will definitely make another top buy definitely lower than the oversold Stochastic RSI top at the beginning of 2014!

Lets embrace for the last euphoria before going short!
Good catch - this is a chart that is worth watching very closely.
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jangseohee JimFred
Another euphoric high will totally destroy Nasdaq like Dotcom burst!
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My work suggests an all-time high of ~17,775 on the Dow due in the next few weeks. After a relatively modest wave 1 down, followed by dead cat bounce, wave 3 down, a blowout that will reshape America for years to come, ought to begin ~ early to mid-March. Your chart is telling a similar story.
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jangseohee JimFred
Yeah, the higher it climbs, the harder it falls finally
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So we are at the peak?
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jangseohee reluctantplumber
Don think so
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