monday trading, page-102

Well if I am using angles on a semi log chart the relation ships do not come out long term.

I can use angles from one move back in the 1930's and from that bring out all the long term growth and decay points for highs as recent as the one at 14,000 on the Dow Jones last year.

If I use a linear chart I can bring that detail out.

That is because the movements in the market, even extreme long term are growing from the POINTS/TIME relationship of a small initial movement 73 years ago and that is growing over time.

The market is not growing according to percentage moves.

That chart is a bit hard to show as you have to zoom in on each period, but a recent example is crude oil:



That initial move or vector from "0" to "1" on that chart is what has grown to create the recent top in crude. Using a linear chart I can easily bring that detail out.

On a semilog chart, I am stuffed.

So to answer the question as to why I don't use a semi-log chart when using angles, that is why.