INDEX:TRAN   DOW Transportations [Test]
144 17 3
20% since oct             bottom
Confluence of multi time frame trendlines in logarithmic.

This underlying seems done.
look4edge
2 years ago
hi, your charts are really awesome
i know pros like log charts and long, therefore took this one on weekly and the picture is different, nothing above, pure parabolic move, only one line from above is your straight middle line on linear from 2009 bottom and lows Aug10, Jun11, this week running at about 9500
snapshot
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YaKa PRO look4edge
2 years ago
yes you are right.
when the price changes significantly linear chart becomes obsolete though. They just help explain the price has shifted paradigm which is a very important information.. however at that point only log charts capture constant percentage diffusion process...
1pt of SP500 now means nothing... it meant a lot 60years ago.
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YaKa PRO YaKa
2 years ago
Your trendline from 60years ago in Linear would not capping anything in speed down the road.
A Log line capturing percentage point max behaviour would still be relevant.
+1 Reply
YaKa PRO look4edge
2 years ago
snapshot

this log line on the SP500 has a decent chance to never be broken ever.
it climbs 13% top to top since 2010 and would reach 10,000 on sp500 in 2028.
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YaKa PRO YaKa
2 years ago
how do you attach a graph picture without having to give the link btw?
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look4edge YaKa
2 years ago
right corner icon, paste url

spx: i agree with you about log chart
only issue i have is this AP fork, when i apply it at log chart, the outcome looks more or less too unrealistic bullish, but who knows, i just read Neely`s EW book and there is forecast DJ 100k 2020-2060
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YaKa PRO look4edge
2 years ago
SPX will go to 10k in 20years - almost guaranteed...
question is the path.
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YaKa PRO YaKa
2 years ago
ok got it.
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YaKa PRO look4edge
2 years ago
i did not get it about the picture..
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look4edge YaKa
2 years ago
comment window, do you have in the right upper corner chart icon?
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YaKa PRO look4edge
2 years ago
snapshot
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YaKa PRO YaKa
2 years ago
this is spx log since 2010..

the bold blue line may hold
if not, the upside is limited to the cone which is logarithmic too.
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look4edge YaKa
2 years ago
played with AP at log chart, every time very different picture, Schiff mode gives 8500 median line in 2035, will look after more refference, maybe need far longer chart or maybe this tool has its limits

thx for insights
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YaKa PRO look4edge
2 years ago
Every tool has its limits.
from you are telling me (and i find your chart interesting btw), AP does not work when prices shift paradigm.
you can't use one thing.. use many.. some tell a story that converges, some say nothing... others say something else... then decide the chances of this or that and allocate a budget.
BTW: best trade here: buy put 1850 march15 for 17. Voila... loss contained and could multiply by 10 if gets sour.
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look4edge YaKa
2 years ago
agree about puts, they got expensive, everyone is waiting for correction... (so will we get it actually or last washout was it already?)
about paradigm shift: i really wonder what will happen when eustoxx or ftse gets out of downtrend, yields start to rise, etc. paradigm shift could mean only that markets (assets) will shift higher gear and go exponential
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YaKa PRO look4edge
2 years ago
Possible.
Either that or we enter very dark days for 4 years. Possible too.
The magic of QE will have an interesting development for sure. I am not sure which.
We have athletes beating records on cocaine. A heart attack is possible.
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look4edge YaKa
2 years ago
absolutely
thanks for chatting, need to go
see you next time
p.s. keep posting your great charts, pls.
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