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Re: chart_md post# 43855

Monday, 12/31/2007 2:54:40 AM

Monday, December 31, 2007 2:54:40 AM

Post# of 107353
ok, ask then any math guy you know. He will explain to you the fatal mistake you are doing. But it is so primitive but fatal mistake that I hardly believe you are interpreting DPDW's actual trend incorrectly on purpose. That is why I will try explain myself. That feature of modified scale ratio is there to save the space only. But for ALL the calculation you get with stockcharts they use REAL values, so the lines and curves of TRENDS are OK in these charts as they are accomodated accordingly to the scale you use. However if YOU YOURSELF /and there is no such feature in ANY STOCKCHART page:)/ will add LINEAR lines /you did in blue colour/ BY HAND to the not linear scale of diagram to show the "proof" of the trend, then you are giving misleading incorrect info because you are never using the calculated REAL values.
Stop calling yourself experienced chartist, go to this page below, learn something new and find that if you want to add linear lines into any graf, YOU MUST HAVE LINEAR SCALE.
http://www.chartpatterns.com/
There are many examples. All lines and curves in Stockcharts are based on calculations from real values, that is why they can use modified scale to save some space. The program calculates them itself. They NEVER do that BY HAND!!! If any experienced or unexperienced chartist is doing that, HE ALWAYS must use scale in linear ratio. Otherwise he will get for himself incorrect misleading information. Not a problem, if he is usimg it for himself only. Problem is if he publicaly calls his mistake coming from lack of knowledge as the mirror of reality..... back to school, it is embarrasing!




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