I’ve had the impression NDX was always the last to top;
rightly or wrongly. And first to
bottom. It’s easy enough to establish.
Until now, on both a highest high and closing basis, NDX always
topped last. In terms of bottoms, NDX
bottomed last at the end of the dot.com bust.
At the other 2 bottoms, NDX bottomed first.
So, how does the current topping process look? On neither a highest high or closing basis is
NDX the last to top-currently.
DJIA is very atypical. It is first to top on a closing basis but is co host of the 1/2 spot with SPX, three months later.
Can it be different this time?
Jim
Always something spooky. Under the preliminary and the highest high column, add up the highest highs and you get 22,267. Now add up the same values for the 2009 low and you get 8,126. And the difference is 14,141 or the sqrt(2) X 10000. Maybe it is different this time.
ReplyDeleteJim