You might note the long range $SPX trendline chart about 3 or 4 posts back. The downward sloping trendline on that chart that is magenta colored, I have plotted on a small graph with the recent trendline from the MicrotrendlineSPX chart..Those of you who follow me regularly will be familiar with the charts I am referencing...Anyway, with the highs and lows of the $SPX added, you can see how this index is reacting near the point of the crossover of the very long term based exponential trendline with the microtrendline from the 2007-2002 decline. All data is up to date as of 4:00 P.M. today (Friday). The bumpiness of the trendlines is caused mostly by weekends where the previous Friday's data is reposted on Saturday and Sunday....
1 comment:
When I think of the word exponential. I think of the national debt.
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