Can we say overvalued?

I guess we are in a overvalued state. Many signs say this. And normally we have around every 8 year a down trend in de markets. But like the chart says we are not heavy over valued but we are overvalued compared to the year 2000. But like always time will tell us. Short term we will must see some bearish movement.
NASDAQ 100 CFDTrend Analysis

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