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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: miklosh who wrote (48759)5/1/2000 2:16:00 AM
From: Im-patient  Read Replies (1) | Respond to of 99985
 
As an ignorant lurker with hopes of greater understandings, I very much appreciate your clarity.

Here's the log chart comparable to the previous linear posting...

bigcharts.com

Thanks



To: miklosh who wrote (48759)5/1/2000 3:24:00 AM
From: Michael Watkins  Read Replies (1) | Respond to of 99985
 
miklosh - the percentage change of the Nasdaq COMP since Jan 1 1985 peaked this year at 1741% (measured on monthly bars).

The DOW - 813%

The SPX - 764%

Say what you will about log vs linear scales, there has never been such a wide divergence nor has there been a period of time in a correction where the COMPX did not come back close to the rest of the market.

Still a long ways to go, if this or any future correction plays out the same.



To: miklosh who wrote (48759)5/1/2000 6:53:00 AM
From: Bearded One  Respond to of 99985
 
If you plot a straight line from the start of the graph until Jan, 1996, you see that it reaches the 2000 mark around now.