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To: Lost to Voodoo who wrote (5029)	9/16/2000 8:41:59 AM
From: Dan Duchardt	Respond to of 10876

Voodoo, Dan of the Chardt . . I'm using a semi-log scale & I'm guessing you're not. Cute play on the name (why didn't I think of that! DOH) and a perfect guess. For relatively short time frames, linear charts are good enough and are probably better. All the charts give us is a read on what other people might be doing, and since most of them use linear charts too, I think linear is more likely to give the trigger points. It seems that most support and resistance levels are penetrated before a reversal these days, so whether log or linear is used it's tough to know when a level really breaks. When I see something that reverses right on a line, it makes me think everyone is watching the same thing and been moved to action. I don't think we are out of the woods on this pull back, but at least we got a bounce that might instill some confidence in the buyers for a while. On the other hand, I do think semi-log is more appropriate. I tend to discount any arguments based on linear chart trendlines that go back years. In the long time frame, the game is one of percentages, not linear differences.