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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Doug R who wrote (15461)4/26/1998 8:49:00 PM
From: bdog  Read Replies (1) of 79449
 
Doug... AINN, SPX ...

AINN had an inside day followed by a huge outside on Thursday..do you watch for these days to give indication of direction? The outside day with close to downside suggests short term down for now.

Also using a semi log scale has price touching the up trend (9/30-12/30) on friday where using the basic arithmetic chart has it .46 above it. You would be out faster using a log scale and in faster using an arithmetic scale. hmmmm.

Same with SPX... break of uptrend on 3/30 with log and 4/7 with arithmetic scale.

Pring suggests to use a logarithmic scale as it reflects crowd psychology better. I don't listen to any body too much as evidenced by you getting out those goof irons when addressing me....>gg<

Your thoughts?
Nice to chit chat as always,Mr. URL King!

bdog
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