Having hit the target set in my last post, NASDAQ rebounded today. However, I would say that it could repeat the pattern of the dotcom correction of 2000, (blue triangles). Upswings will occur, but the trend could continue downwards throughout 2016 and into 2017, until the long-term Support Line is reached.
Killeens Financial Banner
Thursday, 24 September 2015
NASDAQ on long-term downtrend
Having hit the target set in my last post, NASDAQ rebounded today. However, I would say that it could repeat the pattern of the dotcom correction of 2000, (blue triangles). Upswings will occur, but the trend could continue downwards throughout 2016 and into 2017, until the long-term Support Line is reached.
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