The chart here is in Logarithmic mode. Chances are, there is nowhere to go now, but up. Not so fast. Now look at the arithmetic chart. We haven't even reached the trendline yet.
Optimism suddenly turns to caution.
The problem we face is that various books and websites may use one or the other method of scaling. This makes things more difficult, and certainly muddies the water. I have come to the conclusion that the safest bet when viewing any stock I am truly interested in is to examine the chart with both scaling methods. That way, I know what both camps are thinking, which will better enable me to plan a strategy accordingly. Com , a popular speaker, and creator of the unique FibCalc Fibonacci Calculator.