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[Here's a another try with the proper file extension.]
Bad pun. See attached.
Curious to see how far and how fast NDX has been unwinding time,
I rigged up a plot that reflects NDX around the 3/27/2000 top. Ie, for
each N-th day after the 3/27 top, the data was plotted N days before 3/27
(where days are measured in trading days).
As you can see: Recently NDX broke below prior readings - signalling
that it is now falling faster than it rose in the manic Y2K rally.
NDX also broke major support, and at the current rate of descent,
it won't take long to tag the 1998 lows.
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Attachment:
Description: "ndx_reflect.gif"
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