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The NASDAQ Composite Index from 1999 to present is extremely similar to the
NIKKEI DOW Index from 1989 to 1992. In fact the NASDAQ throughout the 1990's
(1990 - 2002) fundamentally & technically mirrored the NIKKEI throughout the
1980's (1980 - 1992). Attached is a spreadsheet chart displaying the
current NASDAQ Index with the 10-year old NIKKEI Index overlaid on top. If I
had shown the NIKKEI Index to present day one could see that the average has
gone sideways with a slight downward bias. Given today's still relatively
high NASDAQ valuations it wouldn't be surprising to see the NASDAQ also
going sideways for years to come, stuck in a trading range from the current
low (1229) to a high of 1720 to 1880.
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Attachment:
Description: "NASDAQ NIKKEI Comparison.gif"
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