Wednesday, September 10, 2014

Nasdaq 100 Topping But We See More 52-week Lows Than 52-week Highs

Such a situation had happened only once: in March 2000 when we a historical top at Nasdaq100 was printed. Look at the chart:

What happened then?

We had experienced a very severe bear market in tech stocks.

Now, the history repeats:

Today, Nasdaq 100 is topping and....there are more 52-week lows than 52-week highs. It resembles March 2000, doesn't it?

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