Tuesday 2/27/2024
The top in 2000 measured by NDX
As tech drove the market now and in 2000 thee NDX seems the best choice as it is the tech heavy stocks
A strong run up followed by a dramatic reversal
2007
Again a strong run up followed by a collapses, after the first wave down we got a bounce in each case which failed just at the bounce into 1930 failed.
Today
The look is pretty much the same, a low, a strong rally, and then a reverse.
The WSJ has been consumed with NVDA stories the past few days.
Ain 2000 and 2007 PMO has topped out.
Bear Fund Hedge HDGE
HDGE is not at a new low, it tested the December low and found buyers in Mid February. This is what should be happening in a bear fund if the markets are topping.s
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