The Nasdaq has been dropping. I have no idea why, nor do I believe anyone else really has an idea why it has dropped. Consider the chart:
Imagine all you have is that.
Even if you had all of the “news”, “opinions” and “analysis” from the last 6 months, how would it help you to trade that chart? Many trend following programs, if in the Nasdaq, are most likely short now. Does that mean they are right about direction? No, it just means that a directional shift has happened. When just staring at the chart, don’t you feel more secure using daily price data for decision-making v. “news” and “opinions”?