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Strategies & Market Trends : Guidance and Visibility
AAPL 259.35+0.1%Jan 9 9:30 AM EST

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To: DebtBomb who wrote (62945)7/28/2002 10:01:43 AM
From: ChrisJP  Read Replies (2) of 208838
 
Hi Dale, Short term lines should be linear, as should support lines, no doubt.

I was refering to the extrapolated trendline going back 15 years. If not done on log scale, it is incorrect.

On the scale provided, the 1988 - 1995 trendline looks like a line on a linear scale only because compared to the year 2000 peak, it is down near the bottom of the chart. It will look like a line on log scale too. Take a look.

quote.yahoo.com^GSPC&d=c&t=my&l=on&z=b&q=l

If you look at a 40 year chart you will see that it is a curve on linear scale and a line on log scale. The rise in the curve from 1995 was clearly abnormal and should have ended in 1998 .... but ..... well ..... you know what happened .....

quote.yahoo.com^GSPC&d=c&k=c1&a=v&p=s&t=my&l=off&z=m&q=l

None of this changes the currently negative investor psychology. It just suggests that people as just as stupid near the top as they are near the bottom.

Regards,
Chris
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