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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (21194)	9/10/1998 4:20:00 AM
From: Doug R	Read Replies (2) \| Respond to of 79313

St. Louis attendees: I've just been asked a question via e-mail that I addressed during the seminar. Just to make sure you were paying attention, here's the question and my answer (hint: I discussed this point during the first hour of the technical discussion). To: Tiric Doug R., I was given your name by "edited" who posts on Silicon Investor. He said you might happen to know the answer to the following question. Any help you could offer would be greatly appreciated. Thank you. -------------------------------------------------- Would you happen to know of a free website where one has the ability to put percentage moves in the y axis as opposed to price? I believe a recent move from 50 to 52 shouldn't look the same as a move from 6 to 8 but it does on all of these 5 year charts on the Internet. If I remember correctly from my stats class years ago its called a logrimithic scale but I could be completely wrong about that. If you don't happen to know the answer, could you refer me to a person you respect the most on SI that deals a lot with TA? I'm a fundamentalist trying to learn about T.A. From Doug R Use of a logarithmic chart is dependent on the type of uptrend (or downtrend) that a stock, index or market avg. is experiencing. It's quite a bit more complicated than an e-mail can handle. The main focus would be on whether the trend is linear or parabolic. If parabolic, the acceleration rate would dictate the proper "fit" of a log chart which would be adjusted by a fraction that best describes the parabola in question. A linear uptrend does not require any scaling on a logarithmic level so a log chart would be unnecessary. The best way around any tweaking of a "standard" log scalar would be to develop a system using a series of parameters of stochastics, Bollinger band trend analysis and moving averages that gives you room to allow for normal volatility within a parabolic rise that defines critical points of trend line acceleration on a linear chart. That way, a break (even an intraday break) of a critical accelerated trend line would allow you to exit at nearly the highest price of any predetermined period. Yikes, huh? Doug R

To: Doug R who wrote (21194)	9/10/1998 4:21:00 AM
From: bdog	Read Replies (2) \| Respond to of 79313

LOL! I don't understand it, I was hoping you would! Remember I'm doing the class on beginning spit wad construction and implementation. I'm sure you'll come up with some voodoo intersection or give it the boot! I just looked at the other indexes and downloaded all the dow that aol has ... some major lows in 81 and 86 around 8-9ish also try 377 ,34,89 for yokes Remember the easy way to do the 21ema of the indicator is... Mov(f1,21,"E") (provided the indicator is in f1) also use the pane editor to put it in the same pane as the indicator, probably 3 bdog