Nasdaq topped on Apr 7th, 2003

Discussion in 'Trading' started by deadreader, Apr 9, 2003.

  1. Some of you will recall that I posted a message on this forum on October 8th, 2002, saying the market had bottomed and a new bull market had started:

    For the record, it's my opinion that the Nasdaq topped out at 1430 on Monday, and it will not break that high until it crashes through 1108 later this year ...

    The Nasdaq Market has topped, and a new bear market is already upon us. The Nasdaq will not see 1430 again for a long long time.
  2. Well, you are certainly entitled to your opinion.
  3. OOOOO, I love these kind of discussions!!:D

    What evidence do you have that the Nasdaq has topped?
  4. Babak


    interesting, any reason why you hold this opinion?
  5. prox


    I agree it's a significant high (several months), wouldn't go so far as to call it the start of the new bear market though.

  6. prox


    trendline broken
  7. You did make a great call in october.
    but im not so sure about the current one

    in the last 2 trading days...
    Retail sales and confidence ....ok to fine
    Banks today....ok to good
    IBM today.......ok to good
    even a tech bellwether NVLS.....ok

    There might have been a fair amount of fear as earnings approached, but if the news stays this way, were going alot higher...real soon
  8. Gutsy call so early. I look forward to the follow-up.
  9. lundy


    990 maybe?
  10. the nasdaq will surpass the april 7th highs by the end of the year.


    #10     Apr 14, 2003