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wd,
Thanks for your comment.
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class=630245714-05032001>
The
chart I posted is logarithmic. The horizontal line from 1998 low intersects the
up trend line from 1982 around October of this year. I am suggesting this
intersection may act as a 'magnet' for the eventual 2001
low.
<SPAN
class=630245714-05032001>
The
idealized extension I have drawn on the chart looks too perfect. It will
be interesting to see how things play out.
<FONT face="Times New Roman"
size=2>-----Original Message-----From: wavemechanic
[mailto:wd78@xxxxxxxxxxxx]Sent: Monday, March 05, 2001 6:25
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re:
[RT]S&P: just another pretty picture
Long term charts should be viewed with a
semilog scale. Under those conditions, the 1982 trendline is still
firmly in place.
wd
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