Yikes! The FANG stocks and other Internet related stocks have been the lynch pin of the continued bull market. The Dow Jones Internet Composite Index, represented by the ETF "FDN" is a good measure of the story. Look at the chart of FDN and it's been steadily going more and more parabolic. It looks a lot like bitcoin last year except stretched out over 10 years.
Select "All" as the time frame on this chart to see the parabola. When I zoom in I can count a potential complete 5-waves as of Friday the 13th's peak yesterday. It can keep extending of course, but I wouldn't want to ride this down when it reverses (and carries the rest of the market index's with it).
https://www.tradingview.com/symbols/AMEX-FDN/
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