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Very important trend line here for the FB , AMZN , AAPL , NFLX , NVDA , GOOGL composite.
Mar 27
Comment: Yet another trend line touch today...
This important trend line that you speak of.... It has broken on FEB 9 and multiple other times and nothing has happened. What does this mean?
Hmm, curious if it will break or bounce of
is it still holding that trend line? or is it starting to break?
When it breaks the trend, I guess that means economic crash, aka US/Global Economy bubble burst, aka worse than 2008 crash.
Fascinating. Thanks for sharing this.
I don't get the methology of just multiplying them together without any kind of normalization, but damn if that trend doesn't seem to be holding as a good bounce area.
+2 Reply
gurple isosphere
I guess it means, "Hey, 'now' might be a good time to figure out which of these constituents *might* be worth using for a trade setup."
Wolgor isosphere
@isosphere, Not sure if I'm right but I think you get a log chart instead of a linear when you just add it together.
@isosphere, In fact, this is just a summation of the change percentage of the stock. Suppose today they all start at 1, and change 1 percent, or 0.01 in price, then by Taylor's expansion, (1+0.01)(1+0.01)(1+0.01)(1+0.01)(1+0.01) is approximately 1+0.01*5 = 1.05. They totally changed 5%, roughly 0.05.
Things will get very interest when it breaks the trend line!
+4 Reply
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