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Investors face a ‘do or die’ moment last seen on the brink of the dot-com collapse


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#1 Dex

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Posted 23 April 2018 - 08:53 AM

https://www.marketwa...apse-2018-04-23


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#2 dTraderB

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Posted 23 April 2018 - 09:12 AM

Agree, this is a critical week that will determine IT direction

 

These charts look very similar

Specifically, he pointed to this bearish head-and-shoulders formation — our chart of the day — that’s sounding an alarm on the Nasdaq 100 NDX, +0.15%  .

 
MW-GH764_NDX1_20180422135301_NS.png?uuid

Look familiar? If you’ve had an eye for patterns like this over the years, it should. Here’s what the Nasdaq 100 looked like ahead of the dot-com meltdown:

MW-GH766_NDX31_20180422141302_NS.png?uui

“Freaky, no?” Henrich asks, adding that results from the big tech companies will go a long way in either causing the pattern to repeat or to become invalidated. He pointed specifically to FB, -0.30%  , Microsoft MSFT, +0.42%  , Amazon AMZN, +0.02%  , Google parent Alphabet GOOGL, -0.32%  and Apple AAPL, +0.19%  as determining the next move.



#3 12SPX

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Posted 23 April 2018 - 09:18 AM

Agree, this is a critical week that will determine IT direction

 

These charts look very similar

Specifically, he pointed to this bearish head-and-shoulders formation — our chart of the day — that’s sounding an alarm on the Nasdaq 100 NDX, +0.15%  .

 
MW-GH764_NDX1_20180422135301_NS.png?uuid

Look familiar? If you’ve had an eye for patterns like this over the years, it should. Here’s what the Nasdaq 100 looked like ahead of the dot-com meltdown:

MW-GH766_NDX31_20180422141302_NS.png?uui

“Freaky, no?” Henrich asks, adding that results from the big tech companies will go a long way in either causing the pattern to repeat or to become invalidated. He pointed specifically to FB, -0.30%  , Microsoft MSFT, +0.42%  , Amazon AMZN, +0.02%  , Google parent Alphabet GOOGL, -0.32%  and Apple AAPL, +0.19%  as determining the next move.

Is very interesting but I have noticed that over the years now head and shoulders tops which look so obvious for a breakdown have generally broken to the upside.  Willl be interesting to see how it turns out in the longer term!



#4 Dex

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Posted 23 April 2018 - 09:24 AM

I think it needs some sort of push - a surprise.   Maybe something unexpected will happen around the N. Korea talks. 


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#5 Data

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Posted 23 April 2018 - 09:59 AM

The closest it came to a head and shoulders was in April/May.  The two heads were much too shallow to really be classified as a head-and-shoulders.   It looks more like a classic spike top and a crash of about 40 percent, a bounce back and stablilize, and then follow through downward after the crash.  The current pattern is a triple top or head-and-shoulder, but it measures out to a 23 percent decline if 2x distance is achieve.



#6 redfoliage2

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Posted 23 April 2018 - 11:40 AM

 

Agree, this is a critical week that will determine IT direction

 

These charts look very similar

Specifically, he pointed to this bearish head-and-shoulders formation — our chart of the day — that’s sounding an alarm on the Nasdaq 100 NDX, +0.15%  .

 
MW-GH764_NDX1_20180422135301_NS.png?uuid

Look familiar? If you’ve had an eye for patterns like this over the years, it should. Here’s what the Nasdaq 100 looked like ahead of the dot-com meltdown:

MW-GH766_NDX31_20180422141302_NS.png?uui

“Freaky, no?” Henrich asks, adding that results from the big tech companies will go a long way in either causing the pattern to repeat or to become invalidated. He pointed specifically to FB, -0.30%  , Microsoft MSFT, +0.42%  , Amazon AMZN, +0.02%  , Google parent Alphabet GOOGL, -0.32%  and Apple AAPL, +0.19%  as determining the next move.

Is very interesting but I have noticed that over the years now head and shoulders tops which look so obvious for a breakdown have generally broken to the upside.  Willl be interesting to see how it turns out in the longer term!

 

Maybe true during the times when the Fed was pumping.............


Edited by redfoliage2, 23 April 2018 - 11:41 AM.


#7 Dex

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Posted 24 April 2018 - 01:04 PM

Looking like a die.


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#8 12SPX

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Posted 25 April 2018 - 10:10 AM

Just saw on Zerohedge that FANG stocks are going to break down now that their head and shoulders pattern has broken lower.  Think I'll take the other side of that and say it'll break up just on sentiment reasons lol!!!