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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (201378)5/8/2009 6:46:49 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
I think the log chart got him...lol



To: The Reaper who wrote (201378)5/8/2009 6:51:10 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
I'm afraid that 45.70 is indeed the 50% retracement point. When is everyone going to get beyond simple arithmetic and start using logarithms? <g>

10^(LOG(high/low)*retracement)*low

You can convince yourself it works for the following pretty easily:

high=1000
low=10
retracement=0.50

BC



To: The Reaper who wrote (201378)5/8/2009 6:52:46 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
Alternately, pull out a ruler and lay it on the logarithmic chart I posted. The distance from the line to the high or the low is identical.

BC


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