tag:blogger.com,1999:blog-5524682876220396502.post5205983381246973532..comments2024-03-27T06:56:10.255+00:00Comments on Broad Oak Magazine: Dow 4,000 yet againUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5524682876220396502.post-74501063123303534322009-05-14T21:17:00.000+01:002009-05-14T21:17:00.000+01:00James - I started (in my tiny way) when it was les...James - I started (in my tiny way) when it was less than half what it is now. Think I was right. But now it's not a question of speculating in then-undervalued gold, but hedging against currency collapse.<br /><br />Mark - the Dow, adjusted for CPI as shown, tells the story. Not dull for half a century, rather variable - but then became absolutely bonkers.Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-77039091355339147972009-05-14T14:50:00.000+01:002009-05-14T14:50:00.000+01:00The lowest low on that one appears to be at about ...The lowest low on that one appears to be at about 300, so we're past it already. <br /><br />Logarithmic because a jump from 50 to 100 is the same as a jump from 200 to 400, but on your chart, things seem pretty dull for half a century and then they appear to go mad, which isn't really the case.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-8843942697136466212009-05-14T14:32:00.000+01:002009-05-14T14:32:00.000+01:00You were devoted to gold once, Sackers.You were devoted to gold once, Sackers.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-72881621738051476992009-05-14T12:46:00.000+01:002009-05-14T12:46:00.000+01:00... apparently so (http://www.trending123.com/patt...... apparently so (http://www.trending123.com/patterns/double_top.html). But Lansing says "The pattern is complete when prices decline below the lowest low in the formation. The lowest low is called the confirmation point" - where would that be, exactly?Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-87501269254071962092009-05-14T12:43:00.000+01:002009-05-14T12:43:00.000+01:00Don't understand why logarithmic, Mark, it's alrea...Don't understand why logarithmic, Mark, it's already adjusted for CPI. Not that I'm up to doing it yet, anyway. Wolfie has previously agreed 4k also. Double-top - is that a pattern indication big drops?Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-91599742416826673982009-05-14T11:13:00.000+01:002009-05-14T11:13:00.000+01:00I think if you are doing a chart like that it has ...I think if you are doing a chart like that it has to be logarithmic. And haven't we seen the double-top to end all double-tops over the last ten years in UK and US?Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.com