Thread: tsptalk's Market Talk

20 year chart IWM - Russell 2000 ETF:

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Click chart to enlarge

Hey is Jim Cramer watching TSPTALK? LOL He just posted this this morning after my dot com comparison. HMMM https://www.cnbc.com/2020/12/11/jim-...sh-debuts.html Its a crazy time.

Tom maybe you should take TSPTALK public and was can all be backers and make millions.

Yes! You were on top of that!

I think nnuut is actually Cramer.

I have a pets.com stuffed dog I bought way back then as a joke. I still have it and also the Taco Bell stuffed talking dog. Wonder if it will be worth a lot of money some day? Maybe I can go on Pawn Stars. ��

Bull flag breakout in bonds?

Originally Posted by tsptalk

20 year chart IWM - Russell 2000 ETF

Logarithmic chart the ramp up isn't as drastic.

Originally Posted by tsptalk

Bull flag breakout in bonds?

Definitely something to watch. Todays' bond rates would still be at all time lows if yields went up 100%. Not saying we're heading for 5% mortgages again any time soon, but small percent increase would make sense.

Originally Posted by Bullitt

Logarithmic chart the ramp up isn't as drastic.

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But it's still a ramp up.

Originally Posted by tsptalk

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I am new to charting and to start learning I've had a StockCharts account for a couple of months now. I am fascinated by trendlines and the patterns they reveal. I was trying to recreate your first IWM chart's trendlines Tom when I noticed that all of my charts were on the log scale by default. I didn't notice it because I haven't been looking back 20 years. So I made a linear long-term IWM chart and saved it separately from my original log IWM chart. That begs the question: do you typically plot linear or log charts in your commentaries? Do you have a preference?

For the other newbies in the audience, I found a brief article explaining the differences here:

https://www.stockcharts.com/articles...tic-chart.html

Thanks for bringing this to my attention Tom!

Sent from my moto x4 using Tapatalk

I look at it similarly to EMA vs. SMA moving averages. They can be self fulfilling and it depends what is working at the moment. If it looks like trendlines are only working (holding) on a chart that uses log scale, then go with that (for now). If the linear chart trendlines are working, use that until it stops.

But as you mention, linear vs. log scale is more meaningful on longer term charts. I almost always use linear on the short-term 3 - 4 month charts, but there wouldn't be much difference between the two.