The market behaviour of NQ is creating an equivalency to the 2020 decline divided by a factor of 1.32. If this is indeed the case then we should have topped today and are heading to 11k.
Commento
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It is playing out as expected. I think first target should be 12200
I am sorry but you cannot compare to the Covid Dip... September and October might be more similar
torquio
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@Jean-Valjean, what do you say now? pretty compelling no?
slavavolkov
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Yip, target met! well called
torquio
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@slavavolkov, thanks man. Interesting how the market followed the analog so closely. I have a possible low coming next Friday 12th.
slavavolkov
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A promising start, for sure, and a weak close
torquio
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@slavavolkov, its interesting how it plays out no? I expect we break the lows and scare everyone and make a nice bottom at 12,200
OptiPulse
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Interesting stuff. Thanks.
slavavolkov
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An interesting model, Paolo. Do symmetries work? Or are markets largely asymmetrical? Im not sure
torquio
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@slavavolkov, in my years of studying markets I have noticed they are not random. Far from it. Think of it like when you throw a stone in a pond. The stone disappears but the ripples are felt. It is the same with markets. Worth keeping an eye out for.