Some interesting numbers of year 2000 techs market
There were two major down trends emerged in the year of 2000 for Nasdaq index
1. From 3/27/00 to 5/24/00
Within 43 trading days, 26 days were trading downward Up vs: Down days ratio is about 2:3 and Nasdaq did fall about 2000 points
Within 88 trading days, 51 days were trading downwardUp vs: Down days ration is about 1:2 and Nasdaq did fall about 2000 points too ( We did not see 3 consecutive up days since Labor day)
Market breadth has been improved....
12/21/00 with the NDX( Nasdaq 100 index ) at 2210 Nasdaq new low are 788
01/02/01 with the NDX at 2129 Nasdaq new lows was bullishly reduced to 118
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