NASDAQ 3x Dot Com Bubble - Update

Here is my comparison of the NASDAQ dot com bubble vs. today. A scale of 3x seems like an almost perfect match. If anything, the current bull market is probably a bit stronger. I also added some key trend lines, not that I expect the market to respect them any more. It is interesting that it paused last week on the major parallel channel from the 2009-2016 range. Please not the numbers are not waves. Just a way to count the peaks.

Comment:

I fine tuned the 1985 channel/trend lines. The trend lines from 2000 peaks match perfect to today. I have know idea if the NASDAQ will respect them or break right through. Just know that if we do break them, then I am not sure where to find the next one as we will be above the dot com peak.

2000

Today

Comment:

Maybe next stopping point.

Comment:

Some fib levels to go along with it

Comment:

Strong rejection off the major resistance line this morning.

Comment: