KirkLindstrom.com - Articles - 2013 NASDAQ Index: Kirk's Irrational Exuberance and Pessimism Trend Lines Chart
Kirk Windsurfing at Palo Alto in SF Bay in May 2009
 NASDAQ Irrational Exuberance & Pessimism
Kirk's Irrational Exuberance & Pessimism Chart for the NASDAQ 		Kirk Windsurfing at Coyote Point November 2009
The NASDAQ is breaking above a 5-year resistance line.

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October 26, 2013:  Below is my chart of NASDAQ Index trend lines with "Irrational Exuberance" & "Irrational Pessimism" charted from 1980 through today.    This is an update of a chart I posted three months ago (July 21 Chart) when the NASDAQ was just touching the resistance line.  This month the NASDAQ moved above this 5-year resistance line that could now become support.  Chart #3 below shows a close-up of this graph.

Chart 1:  NASDAQ with Irrational Exuberance and Pessimism Trend Lines Chart
Historical

Chart 2:  "Newsletter Explore Portfolio"
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Historical

Chart 3: This chart below shows a close-up of the test from above of the breakout of a 12 year resistance line that became "tested from above support" in 2011.




Note 1.  Source: Stockcharts.com  
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