Essential Technical Analysis

Essential Technical Analysis

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For the most part, on daily charts going back a year or two, unless there was an enormous price change in this time span, use of a linear or arithmetic scale will be adequate for technical analysis purposes. I tend to use an arithmetic scale ... in perspective. If you have major gains in stocks, use of the log or semi-log scale will be particularly helpful in seeing which stocks have achieved the greatest returns.

Title:Essential Technical Analysis
Author:Leigh Stevens
Publisher:John Wiley & Sons - 2002-10-29


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