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Strategies & Market Trends : NetCurrents NTCS

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To: cybersaavy who wrote (6981)	5/11/2001 2:13:14 AM
From: Dan Duchardt	Read Replies (1) of 8925

cs, Is it possible that you are looking at a linear scale chart? Yes, for the trendline I was looking at a linear scale. I didn't notice your chart was on log scale. Probably should have after my earlier reply to Tom. The same question he poses about Fib levels applies to trend lines. Does it make sense to apply linear trend lines to log plots? It all depends on what the crowd does with them. If the linear plot says the line is broken, and that is the one the masses are looking at, then it is broken. If they are looking at the log plot and seeing it holding, then it is holding. I agree with you about log plots for longer time frames, as a matter of personal preference, but if you go back to December 1994 to draw the uptrend line on the Nasdaq, it was the line across the lows on a linear plot that eventually supported it in October 1998 and now again in April 2001 (after a fairly deep penetration). The trendline on a log plot does not look nearly as good. So I'm inclined to think most people are still more comfortable with and are using linear plots. Dan

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