N0tSwift

NASDAQ - NDX - When is too much? Long Trend

TVC:NDX   NASDAQ 100 Index
There is so much hype, speculation, and ignorance in the market it scares me. We are approaching a parabolic curve growth, and way over extended from the 200MA on monthly charts.
This looks a lot like a COVID/FED QE / 0% Interest High Debt Bubble waiting to pop.

History teaches the stock market does a 33% correction on average every 8 years.
We are 12 years into a huge sustained bear market...unless you count the March 2019 COVID scare.
The recovery from March to highs in September eliminates it from averages - Historically average recovery is 14 months.
Return to Baseline February 20 - June 4 on QQQ (<4 months)

*EDUCATIONAL PURPOSES ONLY - NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Comment: So far, it's up, up, and away.
Comment: Nasdaq composite Sep-Jan 14.92% benchmark.
+5%/month takes a lot of work to beat it I'm ahead, but wow, so much work to be there.

Comments

This is what we call the final "Delusion" phase.
Reply
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