Where is the bottom of the Nasdaq? Data from the past 5 years tells you: it bottoms out after another 20% drop!

$QQQ has been sliding steadily, down over 10%, breaking below the neckline of the rounding top;

Korea experienced 6 circuit breakers in 2 months; US stocks in storage, optics, CPU, and other core sectors have generally corrected by nearly 50%, with casualties everywhere;

Where is the bottom of the Nasdaq?

Based on the past 5 years of $QQQ's Forward Weighted P/E:

29x and above is the zone where you should take profits on tech and momentum stocks;

25.9x is the median valuation;

Around 21.7x is the 5-year low. It hit 22.6x yesterday, so another drop of about 4% would mark the true value bottom;

The Fed meeting tomorrow and the big tech earnings reports over the next 2 days will bring significant volatility, potentially offering us a golden pit opportunity for a spike-and-recover bottom;

How to buy?

If it drops 5%, buy $1,000 worth