Here is my comparison of the NASDAQ dot com bubble vs. today. A scale of 3x seems like an almost perfect match. If anything, the current bull market is probably a bit stronger. I also added some key trend lines, not that I expect the market to respect them any more. It is interesting that it paused last week on the major parallel channel from the 2009-2016 range. Please not the numbers are not waves. Just a way to count the peaks.
Komentarz
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I fine tuned the 1985 channel/trend lines. The trend lines from 2000 peaks match perfect to today. I have know idea if the NASDAQ will respect them or break right through. Just know that if we do break them, then I am not sure where to find the next one as we will be above the dot com peak.
2000
Today
Komentarz
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Maybe next stopping point.
Komentarz
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Some fib levels to go along with it
Komentarz
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Strong rejection off the major resistance line this morning.
Nice trend fractal damn. SPX also at critical top of 1Y Peak Channel.
Above these points seem precarious af. It could break through certainly but unlikely to last very long...
Jigstack
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Not as crazy if you use log scaling. also shows that we may see NDX 20k before the "bubble" pops
Dr_Roboto
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@kmarch3358, I have looked at log before, but I am not sure how much faith to put into it. It assumes that the price grows exponentially. Price clearly grows more than 1X over the years. My chart above shows a 3x growth over the last 20 years, not a 10x growth (assuming tradingview uses log10). Bitcoin and other massive growth stocks really seem to be exponential. I do agree on log chart the NSADAQ can still grow a lot. I guess we will have to wait and see.
Jigstack
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@Dr_Roboto, i think were basically redoing the tech bubble we had in 2000 which ran for 3 years so i suspect we top in 2023. keep an open mind, bears dont do well in this market.