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Strategies & Market Trends : NetCurrents NTCS
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To: cybersaavy who wrote (6973)5/9/2001 7:54:38 PM
From: Tom McIlwain  Read Replies (1) of 8925
 
Nice chart Cybersaavy.

Your daily NASDAQ chart illustrates something I have noticed elsewhere that intrigues me... the use of a linear fib ruler on a logarithmic chart.

I must confess that I don't know much about fib retracement numbers, except that they represent % retracements of a move. It would seem to me that applying these measures linearally to a log chart would skew the results somewhat, but I see people doing it all the time.

Does anyone have any comments on this?

Thanks,
Tom
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