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Two-thirds of the time rising wedges break to the downside. (Nasd Comp/upper left).
Has the NDX 100 made “TOO” perfect of a head & shoulders topping pattern as the left and right shoulder are the same distance apart? (upper right chart)
Oracle is breaking down and Cisco is creating lower highs?
Should tech be concerned about what is ahead of it?
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Matt-I do use log 90% of the time. 25 years ago I notice that the majority of the people pushing money around were using them.
Chris
Chris,
I have been wondering about this for awhile, but I ask now because I’m in Cisco since it retested the 2009 lows back in 2011. I’ve been looking at the weekly and monthly on a linear scale, so I thought it had already broken out above resistance.
-m
Hi Chris,
Do you always prefer log scale for your long-term charts? Or does it depend and, if so, on what?
thanks,
Matt