Ecantoni

Nasdaq composite: Everything Bubble vs. Dotcom Bubble

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NASDAQ:IXIC   Nasdaq Composite Index
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Fractal extrapolated from the expansion of the 1998-2001 boom and bust cycle, as the current 77% surge from Jan 2016 would be basically tracking the ultime rally from 08/1999 to the dotcom top, back in March 2000. In detail, the two higher highs printed between last June and July would be matching respectively December 1999 and January 2000, before the final exhaustion accounted here at 20% versus the marginal higher 37% had back then. First immediate target would be at least eyed in a conservative rough test of the 50 DMA.

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