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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: The Devil Dog who wrote (45930)12/3/2000 3:54:25 PM
From: keith massey  Read Replies (1) of 62348
 
however that Nikkei chart is ten years and the naz chart 11 months, simply no comparison

Take another look at the time scales.

During the 5 year period leading up to the Nikkei crash (1985-1990) the index was up over 400% at its peak. The NASDAQ did a similar run during the last 5 years (500%).

The graph I posted on the Nikkei was the 10 month tumble from its peak.
sharelynx.net

Now take a look at the graph of the Nasdaq for almost the same period.
quote.yahoo.com^IXIC&d=1y

There are a bunch of very freaky similarities in these charts. Put the charts side by side and run your finger along them and look at each little move and candle.

I know if you look at any graph you will see similarities. People have been comparing every run on the NASDAQ over the past 4 years to the 1987 and 1929 crashes and showing how perfect the match only for the market to run higher.

However as overlay charts go I have not seen a better match then these two. Almost move for move these charts have matched in both percentage drop, time and shape. Very freaky.
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