mattpowell

NASDAQ CRASHING IN THE NEXT 3 MONTHS?

NASDAQ:NDAQ   Nasdaq, Inc
The NASDAQ hit its major trendline last month and has since bounced off it. This last happened in 2006, where in the following 5 months it continued to drop just under 50%.
And the first time it touched the trendline it dropped around 71%, 9 months after the touch.

History repeats itself, but not all patterns are the same.

With this in mind, based in previous evidence it would seem likely for a large drop within 3 months, if it continues a similar pattern.

We will just have to see how the market plays out and if there are fundamentals that will come into play to explain the market crash.

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