NASDAQ: what "normalization" means for expensive tech stocks

Hi everyone,

I'm out from NASDAQ since mid-October, had a feeling that too high pricing combined with issues to come (inflation, bubble areas) will hurt bad.

I'm not that experienced to post on IXIC or SPX, but I think I share what I was looking at when distancing from risky positions:

- 100 week MA
- 200 week MA

And a dozen more reasons, including fundamental ones, but I think the distance from the above 2 explains everything.

I'm watching their area as bottoming targets: if wee reach 100week before July, I'll keep watching for Target 2.
If we have a solid and longer bottoming at 100 week around or later than June, I might believe that Target 2 will not come.

Cheers, and happy dip buying if you have patience and self-control to wait,
Antonio