This is the relative monthly 10-year chart for the Nasdaq (dark blue) and S&P 500 (light blue) indices.
The arrows have been added by the arbitrary eyeball method, which for purposes of this analysis may be as reliable as any.
The top is a sort of proxy for technology, the bottom for the overall economy, let’s say.
When deciding whether or not to “buy the dip,” which dip would you be buying?
