NASDAQ Internet vs A.I. Bubble. Is this time different?NASDAQ 100 IndexNASDAQ_DLY:NDXTradingShotNasdaq (NDX) has been practically consolidating under relative pressure for the past 3 months. The narrative in recent years has been that the market is on the A.I. Boom and with good reason. We fully agree on this and this technology is here to (already) change our lives. We've done many studies on stock market eras and Cycles but mostly on S&P500 and Dow, even though technology Bull Cycles mostly benefit the Nasdaq. So this time, we compare the 90s Internet Bubble to the current A.I. Bubble. Basically, the Internet Bubble started a little earlier, after the October 1987 Black Monday crash. This was a major, but much needed, market reset after 10 years of the P.C. Boom. To be more precise, Black Monday helped mark the beginning of the financial-policy regime that later supported the Internet boom. Similarly, the A.I. Bubble started after the 2022 Inflation Crisis bottom, a much needed reset after a little more than 10 years of the technological boom of Smartphones and E-commerce. We have analyzed this and more concepts extensively on the S&P500 post below, it is worth checking it out: Now, back to Nasdaq. As you can see, if the current A.I. Bubble is similar to the Internet's, then we are still on the early side of it. More specifically, within the 0.236 - 0.382 Time Fibonacci levels. That was when the Internet Bubble was coming off a 1M MA50 (red trend-line) rebound and already made a minor pull-back towards its 1W MA100 (green trend-line). In relative terms, we had that same pull-back early this year when the U.S. - Iran War broke out but the price reversed before touching the 1W MA100. What followed after a new rally was another 1W MA100 test (this time hit). Basically up until the March 2000 Internet Cycle Top, the 1W MA100 was acting as the utmost Support and every pull-back towards (and even better on it) was a Buy opportunity. So for 9 years it never broke (only marginally in June 1994). Check also the 1M RSI, which has been bouncing off its overbought Resistance Zone like in 1992. As a result, we expect this massive expansion Cycle fueled by the A.I. Boom to extend and give massive gains of up to +3783% from the 2022 bottom (as insane it may seem now), as those wear the total Nasdaq gains from the 1987 bottom to the March 2000 Top. This could take Nasdaq to 400000 (again insane as it may sound). What's perhaps more important than that, is the Bear Cycle that should technically follow after the A.I. Bubble pops, can decline as low as the 1M MA300 (blue dashed trend-line), which is where both 2002 and 2008 made a bottom (also shown on the S&P500 study above). --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇