trend lines

I could be wrong, but most weak hands been washed out with this price action... Its moving with world equity markets now. So if world markets calm down, price increase to upside will resume. The discount is from world market instability.
 
tomorton said:
Long-term TA - log charts can make more sense as they print equivalent vertical movements of price according to % change, rather than points or pips change. So a 100pt to 150pts would be the same vertical distance as 200pts to 300pts: same change in % but twice as much in pts.

If price is rising at a steady % rate per year, the price line on the log chart would be a straight upward slope: whereas without the log scale, the line would curve up over recent times and fool the viewer into thinking that the rate of price rise was increasing.
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^^^ this! ^^^
 
Spectre2007 said:
I could be wrong, but most weak hands been washed out with this price action... Its moving with world equity markets now. So if world markets calm down, price increase to upside will resume. The discount is from world market instability.
More...

I've been dipping back in, but I keep thinking it's over, then - CMC is a sea of red.
Do you think it's big money pressing down to get in lower, or what?
 
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