Trading was halted briefly due to a news release.  I'll bet Matt will pick it up and post it.

I'm trying to get my head around technical analysis.  To those of you who have the experience and expertise....

How do you determine whether to look at patterns and trend lines on the log chart or the arithmetic  charts? 

For instance, I follow my former employer (and trade it heavily) - Abbott (ABT.)  It has been in a downtrend for months.  If I view this trend line on a log chart, it has already broken above the line.  If I look at the arithmetic chart, it is just trying to now. 

Is there a standard rule about using one or the other when doing TA?

Thanks in advance.

Emilu

Before the break last week above the horizontal line at 52.00 on PG, I saw the chart as a bear flag.  Now, in retrospect, it looks like an ascending triangle.

How could I tell the difference (before the fact)?  I'm hoping some of the experienced traders here can educate me.... thanks, Emilu

When do you chose to view linear charts v. log charts?

I didn't receive a daily market update.  Having been a member only since April 15, this is the first time that has happened.  Is there an issue with my own email?  I don't find one posted here on Intra Week Updates either.......

Emilu

Looks like we're near a reversal x-over on SRS system for a loss.

David D,  Will you hold if it looks like the SPX is going to close over 875 today?

Thanks, Peridot.....

I see there are new issues on the Current Watch List.  As a new member, I check this tab throughout the day.  I notice that many of these weren't added until after they had broken up beyond their buy points.  What's up?

Couldn't help myself.  Bought a few Sep 64 calls on SDS when in low 64s. 

Do you know if TOS automates these systems?

OK.  I've only been actively trading for just over 2 years.  I am gun shy now.  I closed SDS for a loss this morning with the bull triggers from the 4 indexes.  I've fought off urges to jump back in as I watched SDS plunge to the support level in the low 64's.  But, I have to remind myself that I'm only a kindergardener and may not be ready for these kinds of trades.  I've DONATED enough of my money to the pros for now.  I'll have to wait for a confirmed pullback.  (It will come, won't it?????)

I can't believe how bullish the market is.  I don't trust a bullish position either, as the market seems to be overbought.

All my triggers hit.  COMP, $DJI, NDX, SPX. 

Looking for a good exit of short?

Thanks for the comment on CAM, Matt.  I exited at the pop-up this morning for a nice profit.  Need a few more of those to off-set the losses!

I went long CAM at the trigger today.  Should I set a tight stop for the market sell-off that's expected?