Similarly, price of a stock some years back may not be comparable with today's price in absolute terms.
A small thread on the importance of using log charts:
Similarly, price of a stock some years back may not be comparable with today's price in absolute terms.
For a 100% jump in 2002, stock would have to reach 20 (which is just Rs 10 in absolute terms)
While today, Rs 10 in absolute terms is a meagre 2-3% move
More from Prashant Bhansali
Same view on #Reliance 👍
5 waves from 1998 bottom
5 waves from 2015 bottom
5 waves from 2020 bottom
All on verge of completion on weekly and monthly charts
**3288** the level above which if it moves, need to re-evaluate analysis
IT'S ALL ABOUT CYCLES
#ElliottWaves https://t.co/gqaP855BxM
5 waves from 1998 bottom
5 waves from 2015 bottom
5 waves from 2020 bottom
All on verge of completion on weekly and monthly charts
**3288** the level above which if it moves, need to re-evaluate analysis
IT'S ALL ABOUT CYCLES
#ElliottWaves https://t.co/gqaP855BxM
#Reliance - Near completion of 5 waves from bottom in 98. Period of 2008-2015 was a clear triangle (wave 4)
— Harsh / \ud5c8\uc26c (@_Harsh_Mehta_) June 6, 2022
Some upside still possible but every rise calls for caution. https://t.co/9xjWbR1wn4 pic.twitter.com/gkz9WiUS2Y
#GreavesCotton
#EW
Here's my view based on EW purely for long term
We could witness a big big 3rd wave in coming months
#investmentidea https://t.co/5laFyd8A7X
#EW
Here's my view based on EW purely for long term
We could witness a big big 3rd wave in coming months
#investmentidea https://t.co/5laFyd8A7X
(30) #GreavesCotton monthly chart
— Prashant Bhansali (@prashant280294) June 25, 2021
Big monthly breakout underway
Is it time to move to next orbit higher ? Looks like! #PB365 pic.twitter.com/CB0OtIow7G
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Great article from @AsheSchow. I lived thru the 'Satanic Panic' of the 1980's/early 1990's asking myself "Has eveyrbody lost their GODDAMN MINDS?!"
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.
For three years I have wanted to write an article on moral panics. I have collected anecdotes and similarities between today\u2019s moral panic and those of the past - particularly the Satanic Panic of the 80s.
— Ashe Schow (@AsheSchow) September 29, 2018
This is my finished product: https://t.co/otcM1uuUDk
The 3 big things that made the 1980's/early 1990's surreal for me.
1) Satanic Panic - satanism in the day cares ahhhh!
2) "Repressed memory" syndrome
3) Facilitated Communication [FC]
All 3 led to massive abuse.
"Therapists" -and I use the term to describe these quacks loosely - would hypnotize people & convince they they were 'reliving' past memories of Mom & Dad killing babies in Satanic rituals in the basement while they were growing up.
Other 'therapists' would badger kids until they invented stories about watching alligators eat babies dropped into a lake from a hot air balloon. Kids would deny anything happened for hours until the therapist 'broke through' and 'found' the 'truth'.
FC was a movement that started with the claim severely handicapped individuals were able to 'type' legible sentences & communicate if a 'helper' guided their hands over a keyboard.