NASDAQ COMPOSITE IXIC
Target be sure in the 5140 point ! (-37% from high point)
Second target can be 2850 point (-65% from high point)
Examples, look at this and think about. How you can safe your money ?
Hi Everyone, Princess Gwen here. A Lambo is better than a pumpkin carriage, and to have one I've got to keep my investments profitable.
Now that the Nasdaq has finally broken down from long term resistance, I thought I'd do another look back at the first half of 2008, before the banking crisis hit. It seems to me like we're reliving this graph, 11 years ...
NASDAQ COMPOSITE (IXIC) is also ready to continue falling.
We have the bearish divergence on the RSI, which resulted in a huge crash when it showed up back in the year 2000.
Right now is different, IXIC is already going down strong.
Expect for to go down further.
Support levels marked on the chart.
Note: This is no trade advice.
Namaste.
Areas in red were actual bear markets, blue are the ones that came close... Self explanatory here... The yellow line at the top represents an official correction, and the red line represents a new bear market - if that were to happen...
This is just a quick and dirty chart I did tonight for the Nasdaq Composite as a companion to my QQQ chart, which is the primary thing I'm trading right now. Given the high degree of correlation between the indexes, I've realized I need to keep a closer eye on this superset index and other indices to catch my pivot points more accurately.
Just like the SPX and DJI charts I looked at, this thing measures slightly past the Bear Market threshold... it may touch the target, doesn't mean it will close there though... If the current top proves to be the last shoulder, July 27th is when this is expected to play out by
Princess Gwen here. A princess can't always get mice to sew her clothes, sometimes she wants couture, so her investments must be profitable.
Now that the Nasdaq has broken down and seems content not to break down further, I thought I'd do a longer term look at where I expect the market to go for the next few months. If we follow the pattern from 2008, there ...
NASDAQ 200+300 monthly MA are the bottoms during market CRASH
For determining the bottom, check the 200 + 300 monthly moving averages.
The 2000 crash was bottomed on the 200 MA montly.
The 2008 crash was bottomed on the 300 MA montly.
At this moment there's a lot of crashing room downwards.
It is important to understand that primary trends of stocks, bonds, and commodities are determined by the attitude of investors during unfolding of events in the business cycle. An understanding of the interrelationship of credit, equity, and commodity markets provides a useful framework for identifying major reversals in each.
MARKET MOVEMENTS AND BUSINESS ...
Princess Gwen here, after a Magical Holiday in the Kingdom. Royal Christmas feasts don't pay for themselves, and this Princess likes to entertain in style, so she must watch the markets.
I've gotten a lot of traction comparing this market to the 2007-2008 collapse, and so, if it continues as it has been, we're now roughly halfway through the first big market ...
Dashed Orange is not a happy trading plan. if it is to bounce off something then Solid green. if that does not work. then , dashed orange, on the early side of solid green; Taking it to Dashed blue resistance. One wants it to be in that envelope of dashed green and blue.
After a near-decade long bull run we have reached a possible falter. Taking into consideration the current state of politics and global economic events transpiring, there is no clear direction in the short-mid term on what can really happen. Seeing lots of traders still making the mistake of self-predicting the market instead of surfing the waters, watching the ...
6200 will be strong support for Nasdaq going forward. Last week was a strong positive candle and could signal the short term bottom is in. Although many uncertainties remain on the fundamental front, 6200 will be a good level to be long against should the opportunity arise.
The Nasdaq Composite Index is the market capitalization-weighted index of approximately 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities.
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TVC:IXIC
