Web Statistics nasdaq index chart

Sunday, 21 October 2012

nasdaq index chart

nasdaq index chart

Taking a look at the nasdaq index chart, the leader has been in a nice downwards channel since the end of September this year.

Friday was quite a big selloff day as you can see. But the nasdaq index chart is showing us sitting at the bottom or support of the downwards channel, so monday will be very interesting.



nasdaq index chart
nasdaq index chart
There is a lot of hype and other pundits out there talking about 1987, and we even posted about this over the weekend. Lots of people are panicking and talking about a historical 25th anniversary of the market crash. The nasdaq index chart even shows two larger sell off days that have occurred and that is a telling sign. However, there is no need to panic at all, and the hype and hysteria is always going to be there. Many amateurs get caught up in this, and wonder why their account soon blows up.

The market has been very strong for months now, and we are getting a little 'back and filling' on the market which is not only normal, but healthy as well.

The crash of 1987, happened back in 1987. That is what people to FAIL to realize  Things were different back then, investors mentality was different, the market itself and the dynamics were a totally a different ball game. These are the biggest things people are forgetting.

nasdaq index chart does not give any indication we are about to crash, neither does sentiment. So we just watch and wait here, while others get caught up in the hype and panic.


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