nasdaq - to the tmt bulls..

  1. 2,154 Posts.
    OK as a semi T/A purist I can not see any reason to buy Nasdaq debt ridden equities with no corporate earnings.

    The chart indicates the Nasdaq has further to fall, as the lower lows and lower highs is there for all to see on the weekly chart.

    The higher the index goes the more overvalued it becomes. Why are you techies bullish on this index? Just curious. No answers will indicate those promoting TMT's are not really sure either ? For me, I am waiting for two higher highs and two higher lows before splashing my hard earned into TMT type growth stories.

    I'll never pick the bottom and I will never pick the top.

    http://www.geocities.com/luxtasy/nashc.GIF

 
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