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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (66002)	11/10/2006 3:44:49 PM
From: Canuck Dave	Respond to of 312758

Got some more AGC @ .58 . Out of VNG.UN @ 5.52 . A good idea, but it's not ripe yet. CD

To: TheSlowLane who wrote (66002)	11/10/2006 4:08:12 PM
From: TrueScouse	Respond to of 312758

Paul: <<...do you use the number (about 35-40 cents in this case) or the distance (i.e. use a ruler)? Because if you're using a logarithmic chart, the using the latter method would give you a higher price target then .80. Just curious to know what the "rules" are on this.>> I prefer non-log charts myself, not because I don't think they're useful, but because I suspect more market participants are using them. For the breakout of a trendline, for example, things can look very different on a log chart. To me, log charts only make sense over very long time periods -- e.g., looking at the S&P over the last 50 years. But as I say, this is just a personal preference. I'm sure they're dynamite in the right hands. So, for me, it makes no difference if you use the "distance" or the "number" -- same thing. And IMHO "targets" from breakouts work really well for a whole range of patterns -- cup/saucer, H & S, triangles, etc. Nice week eh? Now if only we can get that little gold company trading! :^) Best regards, Howy