I never thought there will be a day when I agree with you but yes Log charts are exceptionally harmful. Since people respond to price it is better to keep the "original indicator" pure.
Of course it could ... but I think however the election goes, once a decision is made we will see a classic rally into December. ... and of course if we don't, that's fine too. I trade purely technical, not by opinion (mine or anyone else's) and not fundamental.
taken from the slope of hope, saw this myself, I agree there is going to be another significant drop waiting for these markets.
tim putz from slopeofhope is wrong again as always. he's a great fade and a noob. All his readers are noobs, too. Dow not going to 5500. Going to 14,000 instead.
He has been right all year long. Actually, he started being right in 2007. I guess everyone has their day, but Tim is having his year.
If he was right he would have simply bought puts or shorted in 2007 and done nothing afterward. Instead, he trades in and out and is wrong at every step of the way. Also, he was bearish in 2006 and 2007, which were very bullish years. So even when the market goes down he gives awful advice and his charts are worthless. He is worse than Cramer.
He is up 200% in his IRA account. In his non-IRA accounts he is up 131% for the year. What are your returns in 2008?