log vs, regular charts

[billyjoerob]

If you compare this log vs. arithmetic chart, in log the trendline is intact (high in Feb 12), in the arithmetic the trendline is broken.

Is this a problem? Do you look at log or arithmetic charts?

Log chart

http://stockcharts.com/h-sc/ui?s=PWE&p=W&b=5&g=0&id=p18028505251

Regular chart

http://stockcharts.com/h-sc/ui?s=PWE&p=W&b=5&g=0&id=p99666956888

 

[billyjoerob]

OK I figured out how to post these without links, plus added renko.

log

arithmetic

Actually the Renko charts tell you a great deal - that the trend has been broken and a ton of volume has traded at these levels.

 

[billyjoerob]

The other thing is that the base from Nov 12 to July 13 doesn't look symmetrical in the log chart, but it does in the arithmetic chart.

 

[outsource100]

How can charts be a waste of time?

 

[billyjoerob]

Quote from outsource100:

How can charts be a waste of time?

What, you haven't developed your automated system for pulling $1000 out the market every day?

 

[outsource100]

Quote from billyjoerob:

What, you haven't developed your automated system for pulling $1000 out the market every day?

$1000 is nothing of what can be done everyday.You want to know what really kills in trading?Just ask.

 

[billyjoerob]

$230k/year no joke

 

[outsource100]

Quote from billyjoerob:

$230k/year no joke

Then you compound it.People are lazy to compound,me either.

 

[billyjoerob]

It's true, if you discovered a money machine, compounding would grow wealth faster.

 

[stock777]

Quote from billyjoerob:

What, you haven't developed your automated system for pulling $1000 out the market every day?

90% of the posters here on et have that as a bare minimum. don't u read what they say?