Values Have Dropped Less than 25% of the Fall Required to Reach Trend Status [View article]
Asset values behave in a lognormal manner, not linear. Any long-term chart using linear rather than exponential extrapolation shows a basic misunderstanding of price behaviour.
Plot the chart again using a log scale for prices, and everything will make more sense, and will, not surprisingly, coincide much better with reality.
Values Have Dropped Less than 25% of the Fall Required to Reach Trend Status [View article]
Plot the chart again using a log scale for prices, and everything will make more sense, and will, not surprisingly, coincide much better with reality.