Nasdaq Composite (Momentum-Catch up)
If there is a trend and the Index and its components are gaining momentum then "everything is possible". Remember the crazy Momentum in the final years of the 90s (last century):
In the following period, including the Financial Crisis Breakdown in the year 2008 and the first months of 2009, one can cleary see the Moving Average giving some orientation (Crossover Price-Level versus Moving-Average and upturn of the Moving Average in Q4-2010):