Re: [RT]S&P: just another pretty picture

["Tony Pylypuk" <tpylypuk@xxxxxxxxxxx>]

In the old days, semi-log charting was difficult with pen and 
paper.
 
Given the advent of computers and charting programs, is there 
any continuing reason why short term charts shouldn't be done in semi-log as 
well?  
 
Tony
 
----- Original Message ----- 
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  wavemechanic 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: March 5, 2001 8:24 AM
  Subject: Re: [RT]S&P: just another 
  pretty picture
  
  Long term charts should be viewed with a 
  semilog scale.  Under those conditions, the 1982 trendline is still 
  firmly in place.
   
  wd
  <BLOCKQUOTE 
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Stan Book 
    
    To: <A 
    title=realtraders@xxxxxxxxxxxxxxx 
    href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
    
    Sent: Monday, March 05, 2001 1:51 
    AM
    Subject: [RT]S&P: just another 
    pretty picture
    My preferred scenario has been for the SP500 to retreat 
    to its long term upturned (from 1982) at the end of the current 4 and 20 
    year cycles in 2002.However, now that the index has violated both 
    the accelerated up turned linefrom 1994 and the 1998 low which marked 
    the beginning of this four yearcycle, a less optimistic scenario must be 
    entertained.The long term up turned, and horizontal support drawn 
    from 1996, appear toconverge about 1000 around Oct 2001. If this 
    geometry describes price actionto the 2001 low, The final low of 2002 
    should reward bears, punish bulls,and usher in that cherished American 
    tradition: a divided government.Happy 
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