History doesn't repeat itself, but it does rhyme
NASDAQ continues strong rhyme with 1930's DOW
**** CLICK ON GRAPH for FULL SCREEN IMAGE ****
The Golden-125 (explained in the previous post) continues to marry the post-NASDAQ bubble of today to the post-depression DOW of the 1930s.
The Golden-125 is a derivative that measures momentum strength in the market prices.
The dramatic sell-off is followed by a robust rebound, only to turn into a head fake before prices return near the lows. 2010 and 2011 NASDAQ projections are noted on graph.
8/17/2007 10:20:00 PM
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