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To: Henry J Costanzo who wrote (128900)2/2/2006 1:55:12 PM
From: Win-Lose-Draw  Read Replies (4) | Respond to of 209892
 
...the more recent point only emerges after it becomes evident that the extreme of a new {minor recession} {minor advance} has been recorded..

I think I wasn't too clear...

If you have an A-B line...and something goes "wrong"...giving you point C...what is the rationale for drawing the new line as A-C instead of B-C? While in both cases you're keeping the very newest point, in the former case you're tossing newer data (B) in favor of older data (A).