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Re: skono4 post# 379374

Wednesday, 04/13/2005 12:21:50 AM

Wednesday, April 13, 2005 12:21:50 AM

Post# of 704019
>>>I've been following your stockcharts.com page and those 3 year trendlines on the indexes. Could you explain the preference for linear charts. An alternate explanation for support here is the 200-day SMAs accross many stocks and indexes.

If we were using log charts wouldn't we expect resistence when we reach back to those same trendlines that were broken on the log charts a while back?>>>

I've always used linear just my preference. Have seen arguements both ways on the issue. If those uptrendlines end up breaking convincingly trust me you'll see some institutional sell programs kick in. I expect them to hold for the short term.

Robb


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