Posted by padraigm on 24th of Aug 2009 at 10:11 am
I use log scale to look at charts that have broad price ranges
over long time frames.
ABT will be just fine using arithmetic IMHO. Others might have
different opinions. Over time and many many charts you develop a
comfort level - time frame indicators etc. I use the same
indicators on all my charts and then look a the stock in many
different time frames. Look at a ten year weekly of ABT then a 3
year weekly then a 3 year daily then a one year daily and so on to
5 or 15 min charts. Find the time periods you feel most comfortable
with. ABT has lot history so you could use it hone your TA
skills.
Good Luck,
Pat
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I use log scale to
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Posted by padraigm on 24th of Aug 2009 at 10:11 am
I use log scale to look at charts that have broad price ranges over long time frames.
ABT will be just fine using arithmetic IMHO. Others might have different opinions. Over time and many many charts you develop a comfort level - time frame indicators etc. I use the same indicators on all my charts and then look a the stock in many different time frames. Look at a ten year weekly of ABT then a 3 year weekly then a 3 year daily then a one year daily and so on to 5 or 15 min charts. Find the time periods you feel most comfortable with. ABT has lot history so you could use it hone your TA skills.
Good Luck,
Pat