Raptor's Den Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Raptor's Den

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Freep who wrote (7657)	2/6/2003 10:35:28 PM
From: Dan Duchardt	of 10157

You can always go to a log plot and look at % moves. In most of the data that can be analyzed to come up with the "rules" for determining targets, the moves are small enough so that it makes little difference whether you're talking log or linear. You can make the case that the rules should apply in % terms just as well as in absolute terms, to the level of accuracy of any of these rules. If the linear prediction is absurd, look at it on the log chart; at least that way the target will be possible. Personally, I think far too much is made of linear views of this market in the longer term, given the magnitude of what has happened in this century. A linear chart makes it appear that the rate of decline is slowing. A log chart of the S&P shows that in terms of % decline per time period, it's still going at a pretty steady rate, but with increasing volatility, and it could keep going like this indefinitely. There is no bottom to a log chart. The Naz started out faster and has slowed down some. Maybe the S&P will catch up to it. stockcharts.com[w,a]daclyyay[df][pb200][vc60]&pref=G

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next