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

To: Compadre who wrote (48481)	4/4/2004 9:15:22 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

Its my feeling that since people measure their gains or losses in an arithmetic manner (eg "I'm up 20% this year or quarter" or "I'm down 35% this year") that prices near by have a bigger impact than prices farther away. Thus I don't give any extra weight to log based scaling - I will use it from time to time, especially post melt down, but only to squish bars into a decent looking scale for presentation purposes. Certainly not to force fit a sloping line. Of course when I want someone to understand the magnitude of losses post melt down, I leave the scale arithmetic! My opinion is further weighted by my lack of interest in long term trendlines - I'm just not one to be looking for hidden meaning or support in a market from data points years or even many years ago. Heresy I know many will say but I say vive le difference.