8/17/07

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.

No comments: