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Message
re: Gurus - Where is the market going?
Posted on 2/10/10 at 5:11 pm to AUFanInSoCal
Posted on 2/10/10 at 5:11 pm to AUFanInSoCal
quote:
Here's a scenario
Here's another scenario.
Posted on 2/10/10 at 5:21 pm to LSURussian
I think the change in the scale is a little self serving there ROOSKIE.
Posted on 2/10/10 at 5:22 pm to TheHiddenFlask
I didn't change any scale. I copied and pasted the chart just as I found it on the Yahoo! finance page.
Posted on 2/10/10 at 5:25 pm to LSURussian
quote:
I didn't change any scale. I copied and pasted the chart just as I found it on the Yahoo! finance page.
I didn't say you did, but that doesn't mean it's not self serving.
Posted on 2/10/10 at 5:28 pm to LSURussian
It's the same scenario as the one I posted but with a larger time scale.
Posted on 2/10/10 at 5:31 pm to TheHiddenFlask
quote:How am I serving myself with that chart?
that doesn't mean it's not self serving.
Posted on 2/10/10 at 10:48 pm to LSURussian
quote:
How am I serving myself with that chart?
The interval from 0-5000 is about 10x as big as the interval from 5000-15000, which minimizes the appearance of the recent skull dragging the market has taken, while magnifying the relatively steady incline in the earlier years.
... I have been way off with a few of the things that I've sad in the past few weeks, but I'm pretty sure I'm right on this one.
Posted on 2/11/10 at 11:12 am to TheHiddenFlask
.
This post was edited on 2/11/10 at 11:13 am
Posted on 2/11/10 at 11:13 am to TheHiddenFlask
That's because that chart is on a logarithmic scale as opposed to a linear scale.
On a linear scale, 1 dollar and 2 dollars would have the same distance between them as 2 dollars and 3 dollars.
On a logarithmic scale, the intervals are based off of percentage. So 1 dollar and 2 dollars (100% gain from 1 to 2) would have the same distance between them as 2 dollars and 4 dollars (100% gain from 2 to 4).
On a linear scale, 1 dollar and 2 dollars would have the same distance between them as 2 dollars and 3 dollars.
On a logarithmic scale, the intervals are based off of percentage. So 1 dollar and 2 dollars (100% gain from 1 to 2) would have the same distance between them as 2 dollars and 4 dollars (100% gain from 2 to 4).
Posted on 2/11/10 at 12:44 pm to RedStickBR
quote:
That's because that chart is on a logarithmic scale as opposed to a linear scale.
On a linear scale, 1 dollar and 2 dollars would have the same distance between them as 2 dollars and 3 dollars.
On a logarithmic scale, the intervals are based off of percentage. So 1 dollar and 2 dollars (100% gain from 1 to 2) would have the same distance between them as 2 dollars and 4 dollars (100% gain from 2 to 4).
Thanks for the explanation. I didn't see that at all. I do see why that scale is a better representation of the market now.
Posted on 2/11/10 at 12:47 pm to TheHiddenFlask
Yup. I don't know of a single chartist who uses linear.
Posted on 2/11/10 at 12:58 pm to LSURussian
quote:
LSURussian
quote:
RedStickBR
Posted on 2/11/10 at 1:05 pm to TheHiddenFlask
Didn't Russian learn everything he knows from Rivers?
Posted on 2/11/10 at 1:26 pm to RedStickBR
Pfffttt! I've forgotten more than Rivers knows!
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