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Strategies & Market Trends : MDA - Market Direction Analysis

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To: TheKelster who wrote (53705)	6/12/2000 12:08:00 AM
From: HairBall	Read Replies (1) of 99985

TheKelster: Well I noticed your longer term charts, the monthly COMPX comes to mind....it was semi-log. Without the semi-log scale you loose the longer-term trading channels. Some of those channels I have been posting for many months now. Also, I find that in semi-log scale, contracting price action whether rising or falling becomes more obvious. IE: Rising or falling wedges. And, when looking at charts close up there is little difference between semi-log or linear, unless of course there is some dramatic price action going on...<g> Bottom line, use what works best for you...Nice charts, thanks for the contributions to MDD! Regards, LG PS: Wish I could lure Michael Watkins out of hibernation. I would like to see him throw up a few charts as well...<g>

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