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Strategies & Market Trends : Waiting for the big Kahuna
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To: Simon who wrote (11809)12/17/1997 10:51:00 PM
From: Richard Estes  Read Replies (1) of 94695
 
Since Log charts reflect % moves, you put things in proper perspective. 98 to 93 is a 5% move and you lost 5% of your investment if you bought at 98. But a $30 going down 5 points is losing at a 20% rate. If you can keep percents in your head, you don't need log charts.

Wisdom is the ability to put things in perspective.
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