Near 70 degree 18 month rise in NDX100

Discussion in 'Technical Analysis' started by Rickshaw Man, Nov 18, 2021.

  1. Yes, it's a parabolic rise, stunning.

    parabolic rise..jpg
     
  2. deg.jpg
     
    johnnyrock likes this.
  3. Pekelo

    Pekelo

    Let me tell you something that will blow your mind:

    The degree is highly irrelevant because you can change that by adjusting the horizontal time value. Stretch it out, and your precious high degree becomes almost flat. :)
     
    noddyboy and Nobert like this.
  4. Sure about that, that's all I got 20 years. I understand what you saying, just don't have a 100-year chart. Still looks like 70 degrees to me.


    nq weekly.jpg
     
    murray t turtle likes this.
  5. Please present your chart, showing everyone your theory.
     
  6. Plotting this on a linear scale is deceiving. To put the move into perspective you need to set the vertical axis to logarithmic. Absolute moves are meaningless when comparing to historical moves.
     
  7. A 20-year Monthly chart


    monthly.jpg
     
  8. It is set to log, it is not my intention to mislead anyone....it is what it is. You can sure post your chart.

    log.jpg
     
  9. NQ monthly in linear.


    nq monthly lin.jpg
     
  10. Let me make myself clear. I'm looking at the big picture here. Yes, I can take a shorter time frame and the assent is not as steep. Weekly and monthly charts give me the bigger picture.
     
    #10     Nov 18, 2021
    murray t turtle likes this.