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Financial speculation:
Anticipating what average opinion expects the average opinion to be.

John Maynard Keynes  




NASDAQ




NASDAQ Composite and 200 day exponential average (red), 50 day exponential average (yellow), 200 day rate of change (green)& Fibonacci #.
 
NASDAQ Composite Logarithmic chart and 200 day exponential average (red),50 day xaverage (yellow), 200 day rate of change (green).
 
NASDAQ Composite (recent) The Blue line is a 20 day Donchian channel, red line is a 5 day exponential average, green line is a 20 day exponential average,200 day xaverage yellow.