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The Nasdaq ‘Echo-Bubble’ Of 2013

  • Written by Syndicated Publisher No Comments Comments
    October 19, 2013

    This weekend’s free video log is dedicated to the Nasdaq 100 Index, which now appears to be forming a secondary or ‘echo-bubble’ – and a smaller fractal version of the much larger tech-bubble of 1999, which of course ended poorly.

    Whilst our trend analytics models continue to remain firmly bullish for the Nasdaq 100, (indicating that there is no reason to be assuming a bearish bias on this index at the present time) we do believe that price levels directly overhead offer some quite clear clues as to where the Nasdaq 100 ‘echo-bubble’ may finally pop and eventually lead the index into a severe price decline that should see prices trading lower over the course of the next several years and ultimately trading well below the price lows of 2002.

    Please enjoy the video!

    [youtube]http://youtu.be/MziPXqYXKCI[/youtube]

    ..

    Paul Thomason

    Editor, Elliott Wave Market Service

    Images: via Flickr (licence attribution)
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