Nasdaq vs. Dow vs. Nikkei Crashes

[Dustin]

Tonight I created a chart using historical data from all 3 crashes (Dow 1930, Nikkei 1990, Nasdaq 2000-1). It turns out that the Nasdaq has fallen farther, and faster than either of the other two.

Check it out:
http://www.iwinfree.com/comparison.htm

 

[Commisso]

Wow excellent chart, I had no idea that the markdown in the naz was as severe as the dow crash of 30'. I guess I can now say that I traded thru and profited from the most severe stock market crash in history.

PEACE, COMMISSO

 

[wirelessbull]

I'd like to see the chart updated in light of recent declines. Amazing period we're going through.

 

[Dustin]

The chart is updated until March 15th. 54 Weeks from the peak on each "crash".

 

[andrasnm]

Dustin, your post and chart research here makes me happy
that I am paying $200 a month for my ISDN. Great job and
certainly lots of reasons to sit back and think about this
long and hard. By the way I have a business in CA and situation here for mainly because of the NAZ has turned
shit !!!

 

[limbo]

Dustin--The RSI lesson is even more interesting-thanks

 

[eltr]

Dustin, thanks for your post.
You said "The rsi should not give extended oversold signals if there is strength". What is the extended oversold signal? How to tell in the chart?

 

[Dustin]

eltr,

I am talking about what you see in the last hour (orange bars) of the third chart. RSI is unable to make a recovery, and and market just keeps falling. This would signal serious selling, and I would avoid any long scalps once I figured out what was going on.

In normal market conditions you could play a RSI bounce off the lower band, but on this day you would have got creamed. Thats the trick to playing RSI...

 

[Dustin]

7/18/2001 UPDATE!

I decided to update my comparison charts, but this time I left out the Dow. Pretty interesting I think...


Check it out:
http://www.iwinfree.com/comparison.htm

 

[dozu888]

Nasdaq below 1200 in 6 months.