Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Volume Extrapolation
Date: Tue, 19 Feb 2002 08:37:32 -0600
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Hi Harbol,
I don't know if there's a website that does this, but the formula you =
would use is:
Average Daily Volume (50 days) =3D ADV
Hours market is open per day =3D 6.5 hrs
ADV*1.5/6.5 =3D minimum avg volume per hour necessary. (MAV)
At the time you are evaluating, compare the total volume to MAV*hrs =
market has been open and compare.
If Volume>=3DMAV*hrs open, then it meets the minimum breakout volume.
Extrapolations are ok, but sometimes misleading when big volume hits =
early in the day and then trails off. Sometimes best to wait to do this =
calculation until the market has more than an hour under its belt.
Katherine
----- Original Message -----=20
From: HARBOL GAURANG=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, February 19, 2002 8:26 AM
Subject: [CANSLIM] Volume Extrapolation
HI,
What is the method or formula to extrapolate the current volume in =
order=20
to judge that it would be more or less as compaired to 150% of 50 DMA =
Volume=20
?
Is there any web site that can send alert signal to this effect ?
Thanks,
Harbol.
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<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Hi Harbol,</DIV>
<DIV> </DIV>
<DIV>I don't know if there's a website that does this, but the formula =
you would=20
use is:</DIV>
<DIV> </DIV>
<DIV>Average Daily Volume (50 days) =3D ADV</DIV>
<DIV>Hours market is open per day =3D 6.5 hrs</DIV>
<DIV> </DIV>
<DIV>ADV*1.5/6.5 =3D minimum avg volume per hour necessary. (MAV)</DIV>
<DIV> </DIV>
<DIV>At the time you are evaluating, compare the total volume to MAV*hrs =
market=20
has been open and compare.</DIV>
<DIV> </DIV>
<DIV>If Volume>=3DMAV*hrs open, then it meets the minimum =
breakout=20
volume.</DIV>
<DIV> </DIV>
<DIV>Extrapolations are ok, but sometimes misleading when big volume =
hits early=20
in the day and then trails off. Sometimes best to wait to do this =
calculation=20
until the market has more than an hour under its belt.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmorsandbihari@hotmail.com=20
href=3D"mailto:morsandbihari@hotmail.com">HARBOL GAURANG</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, February 19, =
2002 8:26=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Volume=20
Extrapolation</DIV>
<DIV><BR></DIV>HI,<BR> What is the method or formula to=20
extrapolate the current volume in order <BR>to judge that it would be =
more or=20
less as compaired to 150% of 50 DMA Volume <BR>?<BR><BR>Is there any =
web site=20
that can send alert signal to this effect=20
=
?<BR><BR>Thanks,<BR>Harbol.<BR><BR>______________________________________=
___________________________<BR>Get=20
your FREE download of MSN Explorer at <A=20
=
href=3D"http://explorer.msn.com/intl.asp">http://explorer.msn.com/intl.as=
p</A>.<BR><BR><BR>-<BR>-To=20
subscribe/unsubscribe, email "<A=20
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href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your email.<BR></BLOCKQUOTE></BODY></HTML>
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Next Article (by Date): Re: AW: [CANSLIM] Industry group movements. "Gary A. Snyder"
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