A Panorama of the Nasdaq ---> Potential Harmonic Drop
The harmonic precision of the Nasdaq is unsurprising given that its execution system has been automated since its inception.
What is surprising is the apparent potential for an ~8,000 point retest - should the recent all-time high hold as such.
What I find most interesting about this chart is that it suggests humanity has been miscategorizing the natural wave structure of this index as a series of "tech bubbles".
If each top of every significant wave of the Nasdaq is a "bubble," then that means humanity is bound to repeat the same obvious, lunatic behavior many times over again in an even shorter timeframe.
I prefer the optimistic view and will go with the miscategorization option instead.
- Nazpig
NDX
US100
NAS100
What is surprising is the apparent potential for an ~8,000 point retest - should the recent all-time high hold as such.
What I find most interesting about this chart is that it suggests humanity has been miscategorizing the natural wave structure of this index as a series of "tech bubbles".
If each top of every significant wave of the Nasdaq is a "bubble," then that means humanity is bound to repeat the same obvious, lunatic behavior many times over again in an even shorter timeframe.
I prefer the optimistic view and will go with the miscategorization option instead.
- Nazpig
NDX
US100
NAS100
It just gets in the way of the more important info if placed there.