Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (129499)	2/13/2006 9:32:01 PM
From: Galirayo	Read Replies (1) \| Respond to of 209892

Ski .. Now that's just Terrible. >> being snowed in in a ski resort in Vermont << I've been thinking about this. >>that on a Log chart one should compare structures the way they "are" on that chart, and NOT in their absolute (non-log) values.<< Since this Zig Zag Retrace calculates on a %% Basis ... I may now be a Convert to a Log Chart. Wow ... did I really say that .. Yep .. I said it. I'm glad someone gave me a Real Reason. I'll be 'very interested' to hear what ever else you have to say on the Subject. stockcharts.com stockcharts.com But Where's the Difference? Other than Horizontal ?

To: skinowski who wrote (129499)	2/13/2006 9:35:18 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

<<About this 2nd point - During the years when I was a subscriber to EWI, I saw them several times use the percentage comparisons, rather then those in absolute numbers.>> I quote from F&P Holy Scripture (Chapter Two: Associated Rules etc...:Wave Equality)... "When waves are larger than intermediate degree, the price relationships usually must be stated in percentage terms." ..............Think this appears elsewhere as well, but can't find immediately. FYI all my calcs in classic TA are in %age terms...unless I specify that I am "eyeballing"..ie. without calculator...gg

To: skinowski who wrote (129499)	2/13/2006 9:58:13 PM
From: cybersaavy	Read Replies (2) \| Respond to of 209892

Over the weekend I was attempting to get clarification on those points even to go as far as another board where the predominant theme is neo-wave discussion and found that Neely has the same rules regarding ED's. I'll buy the % argument in any case and remain in ED camp until it's consigned to the dumpster and those of us are held up to public ridicule and near financial ruin. ttrader.com cs

To: skinowski who wrote (129499)	2/14/2006 9:26:12 AM
From: Perspective	Respond to of 209892

There is absolutely no doubt in my mind on this subject. For small moves, arithmetic and logarithmic measures give identical outcomes. But for large moves, arithmetic measures are a simplification, but only the logarithmic gives the correct answer. Arithmetic measures are just a simplification of what is inherently a geometric world. Kind of like Newton's laws are a simplification of a universe that is truly Einsteinian. One must keep in mind the realm in which the simplified arithmetic and Newtonian measures hold true. For larger moves involving changes over, say 20%, the errors in the arithmetic approximation become significant. I wish they would take the stupid "linear" button off all the charting software... BC