I am re-posting in this blog entry (not inspired by Steven Colbert Colbuffington Re-post) with additional markups on the chart and comments because some people seemed to not understand that the significance or my the markings on the chart. The two red trendlines are exactly the same number of points. This indicates a classical type of market symmetry in that the bounce from 2003 is almost exactly equal to the bounce from the 2008 low...additionally, there is minor but not insignificant time symmetry also which is indicated by the comparison at the top of the chart. Markets love to behave symmetrically and this one on the Nasdaq 100 is a very strong pattern indeed.
I will be posting a few new charts and observations tomorrow...
Las Vegas March 2024: Visitor Traffic Up 0.4% YoY; Convention Traffic Down
37%
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From the Las Vegas Visitor Authority: March 2024 Las Vegas Visitor
Statistics
Benefitting from a mix of headliners and events from NASCAR to Madonna to
se...
2 hours ago