To: PRay who wrote (1050 ) 9/28/1998 9:42:00 PM From: Gary Burton Read Replies (3) | Respond to
Just installed the replacement cd this evening with no problem. Enabled me to look at the program for the first time relative to V3 . Overall, it's neat. However, 2 things are concerning me-one of which may be enough to cause me to revert to V3. Perhaps someone here can shed some light on them------1) In the 1-12 buttons along the top, the 'daily/weekly/monthly etc' menu is only allowed in the 3,9 and 12 buttons. All the others start at 2 day. How do I reconfigure so that I can use the 1 button for daily, 2 button for 2 day etc like V3? (this is more an annoyance than anything else)------2) Now, the big one, at least to me. In V3, when one switches the scaling from arithmetic to log, not only the shape of the price graph changes but also the shape of the MACD oscillator. This was invaluable to me as it enabled me to pinpoint divergences with price that meant something. For example, on a log basis, one can see in V3 that the MACD for the DJIA at the 98 top had diverged with 97 and most importantly the 97-98 peak had still not exceeded the peak achieved in 1986-87. This long term divergence was a major reason why I think we are near the end of a 5th wave extension and that the major trend -perhaps after 1 last new high, perhaps not--is down. This divergence in the log based MACD indicator spoke volumes as to where we are in the long term trend -in my opinion. Alas, in V4 for some reason when one converts the scaling to log, only the shape of the price graph changes-the shape of the macd stays the same as in the arithmetic version. So here we have a log based chart in V3 providing a completely different message than the log based chart in V4 as it pertains to MACD. In my view, the V3 one is the correct one and the V4 one is now close to useless, except for very short term movements in charts that don't change in price much. Am I missing pressing some auxilliary button which magically gets me back to the log based shape used in V3-without having to export to V3 format every night! Thanks
