NDX bubble repeats itself

TVC:NDX   NASDAQ 100 Index
Monthly candle price action over 25 years. targeting NDX 2800 by 2021


Have you tried to put the earnings of the companies at the time in the index against the curve. You will see that we are not exactly at a comparable level.

Though NDX still overpriced on the short term - retracement highly likely. But not a collapse of the FANG, they are not going to disappear like most of the companies during the tech bubble
@tgc01, Hi, I do understand that the fundamentals are different from the FANG stocks from 2000. You are right, they will no disappear. They didn't disappear in 2000 either. Tech stocks are overvalued, we are also entering a global recession.

+1 Reply
tgc01 hollowayj
@hollowayj, probably - inflation will come back and tech stocks will have their earnings eaten down.

Feels like we are bouncing on the B wave of Elliott wave theory (A down, B up, C down), and that we should fall back to something like 4.5k using fibonnacci
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