My favorite skitzo line in the S&P 500S&P 500SP:SPXprairieghost06This is a test post, but it's also one of the single most potentially vindicating technical analysis ideas of all time: that the market really is an oracle that encodes the entirety of relevant information. This trendline uses a logorithmic scale that intuitively "counterbalances" monetary policy and every other value-traveling dynamic like financial technologies and increasing market efficiencies, et cetera. It's a textbook trendline--Murphy says a trendline is a line that connects two highs or lows--and these highs and lows are the country's most violent economic crises: "The Great Depression" and "The Recession".