Quote from yoohoo:
Don't you have a chart of the S&P you can post without needing this one extended??
Yes.
Often it is best to go to where the other person is and work from his vantage point and, maybe, if possible, make an argument that will be helpful to that person.
In this case the person posted a chart and if it is used a scale will have to be added by this person if and when anyone discusses the future with him.
Anyone who deals with the future usually does have himself equipped to do the associated work.
I'm particularly oriented to Danto's (Columbia, American History Dept) philosophy of history, symmetry version. Most people who checked the underpinning of my 2008 projection in December 2007 could see this orientation that I have.
At this point in November, last year, a year ago was far into the future for most persons. A five year projection monthly for two years and quarterly for the next three years is most common for me, however.
Sector Rotation is commonly done this way and the top projections usually are in the 250% per year category. Then come the doubling level and the 60% level, etc.
Obviously, every year is the same but the bandwidth of the categories shifts to and fro.
Why would a person ask a question about the future and not include his preferred scaling? The answer is that he doesn't care about it. What did the person care about? Just consult the typical phishing lists that are common.
