Single Post Display - MarketTicker Forums


	Detailed market commentary at The Market Ticker and Ticker Classics (The Year 2011 In Review) Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here. BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda) RSS available

MarketTicker Forums Single Post Display (Show in context)

User: Not logged on

User Info	Update #3 1929 vs NASDAQ; entered at 2007-12-01 20:18:20
Koolaid Posts: 3881 Registered: 2007-07-23 Atlanta	Steph, the big peak above 1929 is the famous DOW crash that preceded the great depression, and the Nasdaq crash in 2000 (in red) has been lined up so that these peaks are on the same tick on the time axis. The DOW reversed it's awful slide starting in 1932, and proceeded over the next 5 years on a 50% retrace (what some refer to as an "echo bubble"). The echo bubble burst in 1937 and led to another huge down move and crushing market losses. In eerily similar fashion the Nasdaq bottomed in 2002 and the next 5 years have traced on another echo bubble. Right now were are sitting right at the very top of the echo bubble (1937 on that image). The similarities are striking and uncanny. Does this prove without a doubt that we're about to have a huge crash in the Nasdaq again? No. I wouldn't call it bullish though ;-) 2007-12-01 20:18:20