Eric,
ListPlot[{Log[NestList[Function[n, If[EvenQ[n], n/2, 3 n + 1]], 27, 111]]},
Joined -> True, PlotRange -> Automatic, ImageSize -> Large]
The plot created by this is what I was looking for. I don't know what to do with DiscretePlot to make it look like the plot from above.
Nelson