If 2000 was the initial top and 2007 is the secondary top then the recent top in the nasdaq ahead of the current possible top in the dow could be a monthly "fractal" of the 2000-2007 distinct tops. So, on a yearly basis the nasdaq tops out first in 2000 then the dow tops out in 2007, similar to how the nasdaq topped out last month and now the dow appears to be topping out. Just something i found interesting, may mean nothing, especially if the nasdaq makes a new high.
yearly dow/nasdaq vs monthly dow/nasdaq
Started by
S.I.M.O.N.
, Feb 06 2007 10:39 AM
2 replies to this topic
#1
Posted 06 February 2007 - 10:39 AM
*previously known as pnfwave
#2
Posted 06 February 2007 - 11:08 AM
you seem to sound like me
are you also seeing Qs below 19 eventually (you know lower high, lower low, and so on) ?
Edited by greenie, 06 February 2007 - 11:10 AM.
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#3
Posted 06 February 2007 - 11:40 AM
right now i'll be a happy camper if we see 40...you seem to sound like me
are you also seeing Qs below 19 eventually (you know lower high, lower low, and so on) ?
*previously known as pnfwave