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Nasdaq Composite At Critical Juncture Now

By Lawrence  

The chart of Nasdaq Composite below.

Nasdaq Composite_20130408_210159

If this is the anti-crash climax following power law distribution like what happened to Nikkei many years ago, not only the crash low will be retested, it will be also take as long as the time it spent on this recovery to find a new base to bottom out.

We are talking about 1 to 2 years of melt down and then followed by 10 years to find a bottom.

It is not something central bankers or governments can do to change this outcome. The more they try to nudge the markets around the world to avoid it, the worse it will become.

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