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|
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.
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- 30 Day Trial Offer Today!