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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?
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Hmm, curious if it will break or bounce of
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is it still holding that trend line? or is it starting to break?
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When it breaks the trend, I guess that means economic crash, aka US/Global Economy bubble burst, aka worse than 2008 crash.
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Fascinating. Thanks for sharing this.
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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.
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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."
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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.
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@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.
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Things will get very interest when it breaks the trend line!
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