Notice that this monthly chart of the $NDX has Bollinger Bands in the mid 1500's area, and it looks like it will be approaching 1600 for next month's "candle". Compare this with the chart of the $NDX plotted using Logarithmic Time (go to Tutorials section). Both are showing a similar lower limit. Not proof of anything, but worth watching.
Also, by the way, Point and Figure charts are projecting a target of 1630...
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