Investing Tips Information

The Nasdaq has fallen quite a bit since its bubble burst in 2000. The Nasdaq market has been rising again recently, but is approaching the 50 percent mark from the high made in October last year. Adam feels that the Nasdaq may tumble again soon. He also notes some recent divergence in the MACD, which potentially supports his idea of a falling Nasdaq. Watch the video for more information.

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The Nasdaq cut open and broken down
by Adam Hewison

Today we are going to be examining the NASDAQ Index. This market, which made its peak in 2000 at the height of the dot com bubble, remains in a secular bear market.

After making a low in March of 2001, this market has had multi-year recovery which has rallied it very close to a 50% Fibonacci retracement level. After a nearly 50% recovery, this market now appears to be faltering.

The months of September and October are now with us and both of these months tend to be treacherous for the equity markets. We would not be surprised to see more of a two-way trading market before it eventually falls on its own weight and resumes a downward path. This is what we expect to happen, however, we are going to rely on our Trade Triangle technology to give us the perfect timing for that event.

In today’s video I will show you graphically what I expect to happen to the NASDAQ Index.

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