The difference is that the previous declines were still within the overall 5 wave uptrend from 1971
If those 5 waves have completed then the ensuing bear market will ve a wave 2 of primary degree which typically will correct 61.8 %of the entire Nasdaq gains since inception.
But it can also correct 78.6 and 100% of the 20,000 gain in the last 54 years ( Fibbonnacci 55 +/-1)
So it could feasibly fall to 7640 or even 2680.
People tend to forget it was below 7000 before all the fake Covid stimulus and Ai mania and almost for certain it is going back there or more.
The difference is that the previous declines were still within...
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Last
$3.21 |
Change
-0.020(0.62%) |
Mkt cap ! $4.117B | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.21 | $3.15 | $8.683M | 2.731M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 152436 | $3.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 69693 | 21 |
View Market Depth
| Last trade - 11.43am 01/08/2025 (20 minute delay) ? |
| ZIP (ASX) Chart |