5 thoughts on “CHART OF THE DAY

  1. BenzRabbit

    Agree with you !

    One question: Imo, the Nasdaq may not make it to the all time closing high of 5,048 – it will probably stop at the ‘monthly’ closing high of approx. 4,698 !!

    What are your thoughts on this scenario ?

  2. gary Post author

    Usually the way tops occur is for the market to “breakout” to new highs. That sucks in the retail crowd and then smart money dumps off their positions into the breakout.

    The top in 2007 is a classic example.

    So I’m expecting the Nasdaq to make marginal new highs before the top is in.

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