7 replies to this topic

[andr99]

I already posted this chart below a few days ago

 

https://i.postimg.cc...hgs/nasdaqt.jpg

 

currently to me it is the most probable path 

 

today's drop is in line with a bear trap forming, I believe   

Edited by andr99, 24 August 2023 - 04:31 PM.

[andr99]

the second possibility is depicted below and it takes in consideration a drop to the lower band

 

https://postlmg.cc/K1XcTmng

 

but sincerely it seems way too pessimistic although possible 

 

let's see which one plays out or if they have in mind something different

[andr99]

the charts above are a repetition of those I posted in previous thread I started a few days ago with the same title ''nasdaq''. Just to find out how close the market's behaviour currently is to the forecasted path.     

[redfoliage2]

NVDA now is the leader of the high tech stocks and Wall street sees the stock price going 80% higher in a year.  With yesterday's profit taking on the stock its price still firmly within the long term bullish trend:

Nvidia pops as Wall Street hikes price targets for 'Godfather of AI' (NASDAQ:NVDA) | Seeking Alpha

Edited by redfoliage2, 25 August 2023 - 10:58 AM.

[steadyquest]

Has AMD finished correcting?

 

[andr99]

bear trap probably is getting closed today

[steadyquest]

You could be right - we have our contrarian confirmation signal from Hartnett.

 

https://markets.busi...1032394462?op=1

 

Can't understand comparisons to 2000 and 2008.  Were we on or near the cusp of hyperinflation during those years?

[andr99]

You could be right - we have our contrarian confirmation signal from Hartnett.

 

https://markets.busi...1032394462?op=1

 

Can't understand comparisons to 2000 and 2008.  Were we on or near the cusp of hyperinflation during those years?

 

No we were not, but his comparison with 2000 and 2008 as far as I can understand doesn't depend on inflation.