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

This underlying seems done.
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
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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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
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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how do you attach a graph picture without having to give the link btw?
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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
SPX will go to 10k in 20years - almost guaranteed...
question is the path.
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ok got it.
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YaKa PRO look4edge
i did not get it about the picture..
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comment window, do you have in the right upper corner chart icon?
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