At the June highs of 956, the SPX looked thwarted by a very
clear downtrend line from the start of the bear -- when plotted on
a linear price scale. Now, we are right at the same downtrend
line (but on a log scale). Which is the correct one? I
notice you always use log scale.
knocking on bear's door
Posted by gfrieden on 22nd of Jul 2009 at 01:47 pm
yeah, but it only looks
Posted by PA on 22nd of Jul 2009 at 04:09 pm
yeah, but it only looks like that in log scale
log vs. linear spx
Posted by kalinm on 22nd of Jul 2009 at 06:57 pm
Matt,
At the June highs of 956, the SPX looked thwarted by a very clear downtrend line from the start of the bear -- when plotted on a linear price scale. Now, we are right at the same downtrend line (but on a log scale). Which is the correct one? I notice you always use log scale.
knocking
Posted by pjsmitnl on 22nd of Jul 2009 at 02:33 pm
knocking on a penthouse door full of bulls
we'll see soon enougth
Posted by gfrieden on 22nd of Jul 2009 at 02:38 pm
Prefer this daily
Posted by ravun on 22nd of Jul 2009 at 03:08 pm
Trendline
Posted by jcomptonod on 22nd of Jul 2009 at 03:52 pm
Ravun, that's very similar to the one I had laid out for myself. The difference is logarithmic.
Is a plane full of
Posted by as2029 on 22nd of Jul 2009 at 02:37 pm
Is a plane full of crazy bulls fliying at 10.000 ft over NY
Doesn't that look like a
Posted by straws on 22nd of Jul 2009 at 02:12 pm
Doesn't that look like a very bullish RSI and postitive divergence in the MACD since Oct 2008?