tuesday trading, page-30

meerkat, I think you will find that the log scale works better for very long term but it is an accidental convenience.....if you refer to that chart i put up for you the other day you will see each subsequent long term bear (read sideways) market is approx a factor of 10 of the previous long term bear...

ie approx centre line of bears are

1. 1929 - 1949 = dow 100
2. 1966 - 1982 = dow 1,000
3. 2000 - now = dow 10,000

so log scale gives a better view of percentage moves over time rather than absolute points move...which i think is of more interest to anyone trying to make money.....but i believe there is a time and place for both log and linear charts