The red highlights in the lower panel point out that, as of the close on Friday, the NASDAQ 100’s A/D Line is testing its March and August 2000 all-time high. The chart shows that this historic frothy extreme preceded a major peak in NDX 13 years ago, and warns that this over-extended condition could help to trigger a corrective decline in the index now.
Discover the Asbury Advantage.
Contact us at 224.569.4112
to become an Asbury subscriber.
Why Clients Choose Asbury:
“Asbury’s investor sentiment work is extremely important. It is more beneficial to many people than they realize.”
Head Trader, Hedge Fund, New York