Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 54.65

+1.3%

Jan 12 4:00 PM EST

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To: da_cheif™ who wrote (113667)	1/13/2018 12:13:15 AM
From: Kirk ©	6 Recommendations Read Replies (2) of 207775

All your linear charts are fine as they give a conclusion we agree on, but I think these two LOG charts are more meaningful and really show what could be in store for us. Linear charts don't show how earnings compound... yeah fundamentals still matter in the very end because you need SOME SORT OF STORY that makes sense to get people to buy before they think it is bitcoin and just buy because it is going up.... I show it on other charts but you can see on this one the stunning observation that the distance from the centroid line for peak exuberance is equal to the distance below for peak pessimism. We haven't even gotten back to "average" yet... but with the lower corp taxes, we should be on our way again. This second chart is sort of weird to show my orange line... and the pitchfork is just for parallel projections, but still quite bullish since it breaks a resistance line I've been tracking on my CLX charts for several years.

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