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I share your preference for semi-log historical charts - it is the only
way to view price movements on a relative basis. Most of the TA texts I
have read recommend using semi-log charts when viewing large spreads in
prices. This would apply to viewing even recent NASDAQ, ipo, and
internet stock charts. The big problem is the most of the software I
have tried with semi-log charts fails to properly calculate trendlines,
regressions, and retracements in semi-log mode.
Earl
----- Original Message -----
From: "Marlowe Cassetti" <marlowec@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, March 10, 2000 9:30 PM
Subject: [RT] Re: Of 1929 and chart patterns...
> Charles,
>
> When it comes to technical analysis, over the years I have come to
develop
> definite prejudices. On longer time scales (such as the chart in
question)
> I prefer to look at prices on a semi-log chart. But you make a good
point
> . can I prove semi-log trend lines superior via backtesting? No, I
> cannot.
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