Appen and the Nasdaq

This thread is to discuss the extension of the Nasdaq and it's effect on Appen.

I'm of the opinion that the Nasdaq is currently overextended due to massive amounts of QE and basically 0 interest rates since March 2020.

My 2c is that there is one or two final legs up left in the Nassy before the rates are jacked and we see a pullback of up to 40% from recent all time high.

The Nassy has bounced off 100MA on the weekly a half dozen time since 2011 which were some great buy opps, however in times of recent interest rate rises (Q4 2018) we see a bear market induced with a near bounce off the 200MA.

So, my 2c is that when the Fed begin lifting March 2022, as it did in 2018 - we will see a bear market induced because of the risk off sentiment and the run of money out of risk assets in to risk-free returns.

I would call the Nasdaq to hit somewhere between the 100-200 MA on the weekly. Potential 40% pull back at the peak.

This would be bad for Appen.

What are people's opinion on the Nasaq in 2022?

Weekly since 2009


Monthly, long term Nasdaq trend.