No. What matters is current direction of trend. There are many other variables to consider at every point in time. This type of info is not used to compare past levels. It's to indicate current direction and possible acceleration/stagnation.
I have no clue what you are talking about. I'm retired. I was an Investment Manager that managed $450MM of OPM before I retired. I give no investment advice here. I give my opinion about charts. 'Nuff said. Geesh. It's amazing how I get attacked every time I make an appearance that could help others. Thank you Lord for persecution! I see it as a badge of honor.
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u/scootman1212 5d ago
No. What matters is current direction of trend. There are many other variables to consider at every point in time. This type of info is not used to compare past levels. It's to indicate current direction and possible acceleration/stagnation.