Nasdaq ($COMPQ) Similarities to 2013 & late 1999

Nasdaq ($COMPQ) Similarities to 2013 & late 1999

This morning on twitter I tweeted that this market strength reminded me of the moves we use to have in 1998-1999.  I was trading during that time and many times I kept selling too soon. Decided to check back the $COMPQ chart (Nasdaq from that time) .

I checked back historic Nasdaq chart from late 1999 and saw some interesting things that I’ll share with you. Brought me back to to my thoughts during that trading time and found some similarities that i’ll share in the chart below: Although times were different then and the main driver was .com stocks. The charts look eerily similar.

Hope you enjoy it

feel free to message me on twitter if you have any comments on this .

 click chart to make it easier to read & then click it again 

Nasdaq chart comparison 1999 to 2013

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Posted in Blog, Charting & Analysis, Charts, Commentary Tagged with: , , , , , , ,