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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: allen menglin chen who wrote (41908)	2/2/2001 12:00:42 PM
From: donald sew	Read Replies (2) \| Respond to of 42787

Allen, That analysis seems reasonable, but I would like to see how calculated that trend channel. Frankly, I think he should have taken it back further. Also his analysis is making the assumption that the trend channel prior to 1995 is irrevelant, which may be questionable.

To: allen menglin chen who wrote (41908)	2/2/2001 12:37:03 PM
From: Murray Grummitt	Read Replies (1) \| Respond to of 42787

Allen, The price is a math function of certain structure and the envelope shows the most likely continuation pattern of it based on a linearly priced index. Very interesting, however I strongly believe one should use logarithmic charts especially when we are talking about large moves in an index over a long period of time. I am sure that if this were done the conclusions would be different and far less optimistic! It would be interesting to see a comparison using logarithmic charts, as I believe they work better. Murray