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Moshkelgosha

2022 vs 2008

Short
Nasdaq 100 Index (NASDAQ:NDX)  
Moshkelgosha  
NASDAQ:NDX   Nasdaq 100 Index
Trend Analysis Chart Patterns moshkelgosha
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trendanalysis chartpattern moshkelgosha
NASDAQ behavior is very similar to March-June 2008 when NASDAQ bounced back 23% in less than 3 months and then a 50% collapse happened!

snapshot

I recognized this similarity as early as March 15, 2022:

History Doesn't Repeat Itself, but It Often Rhymes( Mark Twain)

If you think in an overheating economy like this, the market will survive Quantitative Tightening, read this post:

A Textbook Example of Overheated Economy!

Margin data has a lot to say about the market trends: A 25% decline indicates how bearish the outlook is!

snapshot

Best,




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