Correction in perspective

This is the relative monthly 10-year chart for the Nasdaq (dark blue) and S&P 500 (light blue) indices.

Source chart

The arrows have been added by the arbitrary eyeball method, which for purposes of this analysis may be as reliable as any.

The top is a sort of proxy for technology, the bottom for the overall economy, let’s say.

When deciding whether or not to “buy the dip,” which dip would you be buying?