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doctorS

05/08/05 8:08 PM

#1766 RE: lowtrade #1765

low, I too see what trim is saying. The ordinate (y-axis) on the charts used here seems to be logarithmic in nature, not geometric like most other charts, and the height of the pole that leads to the top trend line projected into July using this type of chart does not seem to be comparable or equivalent with the prior lower scale flag pole from the previous pennant. Can you elucidate further? DocS.




trimsprims

05/08/05 9:43 PM

#1772 RE: lowtrade #1765

Thanks Lowtrade, that sounds very reasonable to me. Somewhere along the line I got this formula for a target. It is like

T = 2B-L (formula)

T = Target price
2B = 2 x breakout (.369 in this case)= .738
minus prior low
.738 - .203 = .535

Getting pretty dang close to your projected chart pattern of .58, huh? LOL Many times I have seen this play out.
Wild card still news of course!
Trims