donoso007
Singkat

Significant market correction coming? Nasdaq case

TVC:IXIC   Indeks NASDAQ Composite
871 5 16

Looking at the long term performance of the Nasdaq Index we see that during the last two biggest drops, the Index was significantly away from its 200 MA. During the Dot.Com Bubble the indicator was 4.5 times above the 200 MA and dropped 75% in 2.5 years. During the Sub-prime Crisis the indicator was 1.7 times above the 200 MA and dropped 50% in about 1.5 years. Currently the Nasdaq is quite far away from its 200 MA (2.5 times) after an extended bullish period of almost 10 years. Even though the indicator can continue its upward trend, it is worth keeping an eye open on a possible long-term correction. As we now, indexes tend to return to the 200 MA in the long run.

If we look at the Squeeze Momentum (SQZMOM) Indicator at the bottom of the chart, we see that before the two prior big drops, the SQZMOM Indicator showed three green waves. Currently, the third green wave appears to be reaching the top, so this is another reason to be alert.



Perdagangan aktif: The Nasdaq corrected as mentioned in the previous publication on March 3. Now the question is whether this decrease is similar to the last two big corrections in 2001 or 2008, or it is similar to the mild correction in early 2016 when the oil prices reached a valley.

Maybe it is too early to conclude. However, for now the next target price should be around the 50 month MA at 5500. If this point of control is broken, then we may adjust the target price to the 200 MA. Meanwhile we can take controlled short positions coupled with stop losses or call options to limit losses if the market actually goes up. Lets keep alert!

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Komen: Bearish Head and Shoulders pattern is completing in the daily chart, increasing the likelihood of the "Significant Market Correction". In a separate idea I am including the details.
What do you think now as the dip increases? More severe pullback incoming? (as in 2001/08)
Balas
donoso007 KristianB12
Hi @KristianB12, I think my response did not go through, but let me answer again. The left shoulder of a H&S pattern seems to be forming now, increasing the likelihood of a severe pullback coming. Lets keep eyes wide open here.
Balas
KristianB12 donoso007
@donoso007, Gotcha, I've certainly been playing pretty safe. Good luck!
Balas
Agreed.
Balas
interesting analysis.
Balas
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