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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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