It seems like the SP500 still "wants" to inflate at about the same rate as during the covid years, ~14 nominal%/year (log rate 0.145)? That includes real economic growth, net exports, foreign investment, etc, but I have the suspicion that ongoing deficit spending is a key reason, in spite of rhetoric to the contrary. Nobody wants to be seen to cut spending and...
Inspired by @jbrothersjr blog : I revamped an old PineScript of mine, which you can hopefully access directly from within the chart on this posting, or perhaps I will have to post it separately. I have "hidden" many of the lines on the chart, but if they pop up then you should hide all but the . www.tradingview.com The general idea is to show the SP500...
This chart struck me as being a poetic dance. Simple, independent trend lines in gently (converging, diverging) trios, with USOIL's whirling rythm adjusting to the bands, reminding me of @fract charts. USOIL and TNX approach and disengage, eyeing each other while moving with the crowd on the floor. For some reason I'm humming Tchaichovsky's Swan Lake, rather...
For what it's worth, my 83 year semi-log detrend of the SP500 is currrently >= 2007 peak quarterly averaged levels. (semi-log detrended over the period 1926-2020, SP500 = 10^(0.792392+0.0289587*(year - 1926.25)) A separate plot (not shown here, with time-folding) puts 1929 & 2000 as the high years, well beyond the 1.618 Fib level. Although simple linear...
Here's my first shot at learning PineScript. I have adapted Kıvanç Özbilgiç's Turtle Trade PineScript : tr.tradingview.com I've also added an 83-year semi-log detrended SP500 index, which is explained at : www.billhowell.ca
I'm a crypto newbie, so the pricing relationship comparisons across time are very curious to me. Similarity of currency patterns over time on a linear scale, and crypto patterns on a logarithmic scale sort of make sense to me. But the similarity is more than I would have expected. How long can crypto maintain the logarithmic growth? Will the (linear,...
Are conventional -term analysis tools anachronistic for this crash period? Given the huge influence on the current market, and their policy perspective, I wonder if an engineeering-control perspective is actually more appropriate, and may describe what they are doing. If we take the perspective, and I am plainly incompetent in these areas, key...