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  • Nasdaq's Final Top 1 comment
    Nov 2, 2013 2:10 PM

    Without more words, this is the projection for the Nasdaq 100 index

    (click to enlarge)Nasdaq100 projection

    The bottom of the move is calculated as 1442, as a bounce from the middle line of a parallel channel. The channel's width is built from 2007-2008 crash, and the copy of the channel to the right only contains its middle line.

    Disclosure: I am short QQQ.

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    Author’s reply » I forgot to mention that this analysis, is based on the "inverse relation trade" of the projected move on USD, described in my previous "USD, 3000 pip move" post
    9 Nov 2013, 09:25 AM Reply Like
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