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the healthy nasdaq chart


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#1 andr99

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Posted 20 May 2020 - 10:58 AM

https://postimg.cc/w31RCMKw

 

https://postimg.cc/PCyqpnsL

 

https://postimg.cc/0MDRS7Mt

 

first chart is the nasdaq daily with its macd, the second chart is the same as the first but more detailed in the last time period, the third is the nasdaq weekly with its macd

 

you can see by yourselves that the daily macd is currently at a level which is above the one of the 2000 bubble, while the weekly hasn' t yet even come close to the bottom level of 2000, in the detailed daily chart you can see that while the nasdaq is rising like there's no tomorrow, its macd isn' t following. Probably the nasdaq will get to retest the high, but it's not healthy for sure and we all know that is just the effect of stock market pumping, in other words another bubble among many others   

 

https://i.postimg.cc...thy-restart.png

 

a healthy restart would be around the cross of the two lines

 

 

but you know, it's election year..............maybe we are going to touch 30,000 before the end of the year 


Edited by andr99, 20 May 2020 - 11:08 AM.

forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#2 pdx5

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Posted 20 May 2020 - 11:57 AM

With one exception, funnymentals are quite different now compared to 2000 bubble. In 2000 the internet companies were heart of the bubble. Any company doing any business on internet was in bubble. Companies with zero earnings had their stocks going through the roof. I remember some outfits merely had business plans on paper on doing business on the internet, and they would issue new stocks at high prices. 

 

Now tech companies have real earnings and real growth in earnings. IT IS DIFFERENT THIS TIME. That does not mean their stocks can not go in bubble territory. I just think we are not there yet.


Edited by pdx5, 20 May 2020 - 11:58 AM.

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#3 andr99

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Posted 20 May 2020 - 12:06 PM

looking at the nasdaq daily I' m noticing that the last up leg is made of four bars while previous similar uplegs lasted five bars, so I guess just one is left before starting to correct. If the correction gets bigger than previous ones launching an alarm to the bulls, we will see.

As for bubbles.....I think we can call them when we see a large rise on the price axis in a short time interval. The larger the rise the greater the bubble 


Edited by andr99, 20 May 2020 - 12:09 PM.

forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#4 K Wave

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Posted 20 May 2020 - 12:18 PM

AMZN, and now FB at new ATH.

 

MSFT and AAPL could be a day or 2 away...

 

Until they crack, market going to have a hard time going down....

 

Some have been fighting this action at their peril....


Edited by K Wave, 20 May 2020 - 12:19 PM.

What A Beautiful Black Sky


#5 andr99

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Posted 20 May 2020 - 12:24 PM

AMZN, and now FB at new ATH.

 

MSFT and AAPL could be a day or 2 away...

 

Until they crack, market going to have a hard time going down....

 

Some have been fighting this action at their peril....

 

not me, I don' t trade the USA.....too dangerous


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#6 andr99

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Posted 20 May 2020 - 12:36 PM

https://www.investin...ecovery-2177886

 

recovery boosted by........facebook (nasdaq FB) ............I have no words..........what does facebook produce ? We are living funny times


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#7 andr99

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Posted 20 May 2020 - 12:40 PM

I think I will create soon my own company. I will sell fresh bottled air. Then I will ask to be listed at the nasdaq..........hey fresh air is technologic 


Edited by andr99, 20 May 2020 - 12:41 PM.

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#8 .Blizzard

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Posted 20 May 2020 - 12:40 PM

 
not me, I don' t trade the USA.....too dangerous


So why you are still in this board?

Edited by .Blizzard, 20 May 2020 - 12:41 PM.

 
 
 


#9 andr99

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Posted 20 May 2020 - 12:44 PM

 

 
not me, I don' t trade the USA.....too dangerous


So why you are still in this board?

 

 

because the spx influences everything. Today the ftsemib was loosing almost 2%, then it recovered, pushed by america. If there was not america, today it would have dropped. No one in europe can trade without looking at america. The good thing is that if you want to get short, many times when the spx rises, the ftsemib goes sideways, so that the risk is limited. what really disturbs is that you can see something that wants to drop, but it can' t because someone in america is pumping with freshly printed money.  The good thing is also that the ftsemib is not a las vegas casino.........     


Edited by andr99, 20 May 2020 - 12:50 PM.

forever and only a V-E-N-E-T-K-E-N.....though partly langbardic