monday trading, page-90

The charts posted on this thread are often interesting, sometimes useful.

One thing I don't get though, is people using LINEAR charts over long periods of time. When you have a chart for a few months, or even a few (5) years, a linear chart is OK.

But for long term work, the ONLY POSSIBLE chart to show is a log-linear, i.e. logarithmic price, linear time. The gradients of lines are completely different on a log-linear plot compared to a linear plot.

In fact, if you take Voltaire's most recent chart, and plot it on log-linear scale, those two trend lines come very close to lining up! On a log-linear plot, there is only ONE such trendline.

Somebody else posted a chart that showed this very fact, at some time during the past week.