The harmonic precision of the Nasdaq is unsurprising given that its execution system has been automated since its inception.
What is surprising is the apparent potential for an ~8,000 point retest - should the recent all-time high hold as such.
What I find most interesting about this chart is that it suggests humanity has been miscategorizing the natural wave structure of this index as a series of "tech bubbles".
If each top of every significant wave of the Nasdaq is a "bubble," then that means humanity is bound to repeat the same obvious, lunatic behavior many times over again in an even shorter timeframe.
I prefer the optimistic view and will go with the miscategorization option instead.
- Nazpig
NDX
$CURRENCYCOM:US100
NSXUSD
What is surprising is the apparent potential for an ~8,000 point retest - should the recent all-time high hold as such.
What I find most interesting about this chart is that it suggests humanity has been miscategorizing the natural wave structure of this index as a series of "tech bubbles".
If each top of every significant wave of the Nasdaq is a "bubble," then that means humanity is bound to repeat the same obvious, lunatic behavior many times over again in an even shorter timeframe.
I prefer the optimistic view and will go with the miscategorization option instead.
- Nazpig
NDX$CURRENCYCOM:US100
NSXUSD註釋
Note - the top of Wave 1 (purple 1), should be placed at 2239.7, where it correctly terminates within this count.It just gets in the way of the more important info if placed there.
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