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Nasdaq Composite (Momentum-Catch up)

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):

Nasdaq Composite (Momentum-Catch up), 80s until 2004

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):