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Marlowe:
It seems that one could debate the 'log versus arithmetic' scale issue
with both sides having strong points; probably because the visual
aspect is an element which is in the eye of the beholder. I think the real
issue is whether is if your log trendline concept could be backtested? How
many times has a drawn trendline been tempor-
arily penetrated only to have the price continue upward.
Chas
-----Original Message-----
From: Marlowe Cassetti <marlowec@xxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Friday, March 10, 2000 9:59 AM
Subject: [RT] Re: Of 1929 and chart patterns...
>One simple method is to draw a trendline on these rising stocks and sell
>when they pierce the rising trendline. I found this effective in capturing
>most of the profits in such situations. Don't fit the trend line too close
>to the parabolic rise or you will also stop out too early. Also draw the
>trendline on a log scale chart to get a better picture of percentage
>changes.
>
>
>----- Original Message -----
>From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Friday, March 10, 2000 2:09 AM
>Subject: Re: Of 1929 and chart patterns...
>
>
>> Well, I don't know if we are in 1929bis or not, but even the strongest
>> trends may break down out of the blue:
>> Look at Softbank and Hikari Tsushin, in Japan. Even blue chip net stocks
>may
>> lose 50% from the highs on no news...
>>
>> I know, because, remember I lighted up on Nasdaq few weeks ago..., well
>many
>> of those I sold rose, those I kept sometimes rose, but many fell, like
>> Softbank... Fortunately I also bought some others which did OK, which
>> compensates...
>>
>> Question: What is your best strategy for exiting net stocks so that one
>> reaps most of the upside without sacrificing too much on the way back
>down?
>>
>> Gwenn
>>
>>
>> Earl Adamy wrote:
>>
>> > Some months ago I posted a pair of charts for the pre-29 and current
>> > periods with some 20 years of history from the last major retracement
on
>> > each chart - around 40%. The charts featured the percentage retracement
>> > of each significant dip. The two sets of charts show the same pattern
of
>> > decreasing percentage retracements. This bull pattern is longer. The
>> > post-29 chart shows a series of increasing retracements. There is
little
>> > doubt in my mind that eventually the post-current chart will follow the
>> > post-29 chart, however I'm not ready to call a top until I see the
>> > whites of the bear's eyes.
>> >
>> > Earl
>> >
>> > ----- Original Message -----
>> > From: "Marlowe Cassetti" <marlowec@xxxxxxx>
>> > To: <realtraders@xxxxxxxxxxxxxxxxxxxxxxxxxx@realtraders.com>
>> > Sent: Thursday, March 09, 2000 9:55 AM
>> > Subject: [RT] Re: Of 1929 and chart patterns...
>> >
>> > > Interesting pattern of similarity. How does it look if you did it on
>> > a log
>> > > scale?
>> > >
>> > > ----- Original Message -----
>> > > From: Gitanshu Buch <OnWingsOfEagles@xxxxxxxxxxxxx>
>> > > To: <realtraders@xxxxxxxxxxxxxxx>
>> > > Sent: Wednesday, March 08, 2000 2:54 PM
>> > > Subject: Of 1929 and chart patterns...
>> > >
>> > >
>> > > > > Maybe not, but we are back again to the 1929 scenario
>> > > > > When I don't know. I just do what the charts tell me.
>> > > > > Any more depressing news and I may hang it up for the week.
>> > > >
>> > > > Ira,
>> > > >
>> > > > Its called "you asked for it" <g>
>> > > >
>> > > > Here's a chart pattern for the historically inclined...
>> > > >
>> > > > Take it for what its worth. Haven't seen one of these since the bad
>> > old
>> > > days
>> > > > of 1997 when we had similar looking HKSE comparisons galore on RT
>> > and on
>> > > the
>> > > > web.
>> > > >
>> > > > This is partly in jest, partly a dead serious FYI.
>> > > >
>> > > > Gitanshu
>> > > >
>> > > >
>> > >
>> > >
>> > >
>> > >
>>
>>
>> ---------------------------------------------------------
>>
>
>
>
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