proof that the markets are psychic phenomena.., page-13

Gann thanks for nice chart
I am not a trader but watching what traders are doing in market. I was thinking the same I think It is the bottom for nasdaq but I do not think it is the bottom for sp500 and XAO.

There were new technologies in 1929 (car manufacturies etc.) and industries on the rise. Similar to IT, mobile, laser these days. There were over expectations of company profits but did not happen.

There are still room for global expansion for technology stocks (more profit) but not for all companies (manufacturers)