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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Monty Lenard who wrote (4480)	1/21/1999 9:31:00 PM
From: Gersh Avery	Respond to of 99985

Hi Monty .. I plugged the numbers into a spreadsheet and took up a lot of space on a page .. Figured out a slope and just added the amount of the slope each day in the sheet from the starting bottom .. double check of the slope clicked into place when the second bottom came out exactly as it should have on the right day .. no semi log stuff here .. Gersh

To: Monty Lenard who wrote (4480)	1/21/1999 9:50:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Monty Lenard: Using WOW Pro I printed out the IND (Dow Industrials Theoretical Data) Daily Semi-Log Chart. The close for today was approximately 140 points below the rising wedge's lower ascending trend line. Using QCharts I printed out the DJI (Dow INdustrials Actual Data) Daily Semi-Log Chart. All of today's action is below the rising wedge's lower ascending trend line. Of course all charts are Semi-Log as that is my preference. <g> I noticed that you posted exact numbers for the trend line. IE: 9330.23 What software package are you using? And can you create the trend line plots by keying in price points instead of manual placement? WOW Pro is manual, not as accurate as I would like. That is why I often print out and draw manually. EDIT: I printed out from QCharts the DJI on a linear chart and I still have the close below the trend line, but a little less than half of the price action for today is above the line. BWDIK Regards, LG