Nas reaching all-time high

I just did a bit research on Nasdaq.

The Nasdaq (short for the National Association of Securities Dealers Automated Quotations) is a stock market index that includes a variety of technology and internet-based companies listed on the Nasdaq stock exchange. It primarily reflects the performance of these technology-driven companies.

The rise and fall of the Nasdaq index are indicators of the performance of the stock market, specifically focusing on the technology sector. The Nasdaq Composite Index is a benchmark that includes a diverse range of technology-related stocks, such as those of major technology companies, biotechnology firms, and internet-based businesses.

Here's how the movement of the Nasdaq index reflects market conditions:

Bullish Market (Rise): When the Nasdaq index is rising, it generally indicates a bullish market. This means that the majority of the included stocks are experiencing an increase in value. A rising Nasdaq may suggest positive investor sentiment, economic growth, and confidence in the technology sector.

Technology Sector Performance: Since the Nasdaq Composite is heavily weighted towards technology stocks, its movement is often influenced by the performance of major technology companies. Factors such as earnings reports, product launches, and industry trends can impact the Nasdaq index.

Investor Sentiment: The Nasdaq is also a barometer of investor sentiment, especially regarding high-growth and innovative companies. Positive sentiment can lead to increased buying activity, while negative sentiment can result in selling pressure.

Investors and analysts often use a combination of indices and other financial indicators to assess the overall market conditions and make informed investment decisions. Additionally, external factors such as economic data, geopolitical events, and global trends can also influence the movements of the Nasdaq and other market indices.

I want to wait for the retrace of NAS!!!!!