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    Posted December 13, 2013 by

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    Nasdaq makes important Reversal

    Ask any experienced stock broker, over the age of 60 and he will tell you that when the stock market makes an important top it can be seen in the OTC market. This is where the less glamorous stocks are traded. In 1929 the, as investors were dying to get into new stocks, the last one to go public was one that was a cemetery.

    Several years ago the OTC was transformed into the NASDAQ. Several respectable stocks are being traded on the NASDAQ.

    As you can see on the chart, prices have been going up in a manner that is similar to the top of a Christmas tree. When this occurs, specific measurements are made with the Andrews Babson techniques and a topping area is projected.

    This week the NASDAQ is reversing in the topping area.
    Considering that there have been similar indications in the Dow and S&P 500. This would probably be a good time to put money in the bank and earn .0000001 % interest.

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