Go to Jeff Salisbury LWGate Home Page.From: "Cefaloni, John L Jr. [AMSTA-AR-WEA]" <cefaloni@pica.army.mil>
Subject: RE: [CANSLIM] Volume Extrapolation
Date: Tue, 19 Feb 2002 13:34:52 -0500
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As Katherine mentioned, linear extrapolations can be misleading for stocks
which tend to trade heavier in the morning and/or the late afternoon. An
automatic trigger based on a linear formula may signal a buy for a stock
that forms such a pattern (like a cup). For stocks like this, I sometimes
use a mental trigger (based on a back-of-envelope calculation done once upon
a time) that by 11:00, the stock should have traded 1/3 of its ADV. But it
depends on the stock...
John C.
- -----Original Message-----
From: Duke Miller [mailto:dukemill@tampabay.rr.com]
Sent: Tuesday, February 19, 2002 1:01 PM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Volume Extrapolation
Katherine and Harbol:
Second day on the job and I get to contribute!
Attached is a handy Excel Real-Time volume calculator I created. All you do
is enter the stock's average daily volume and the time of day you took the
quote. You'll then get a read out, based on what the volume should be at
that moment and how it compares to the average.
Duke
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Tuesday, February 19, 2002 9:38 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Volume Extrapolation
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) = ADV
Hours market is open per day = 6.5 hrs
ADV*1.5/6.5 = 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>=MAV*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 -----
From: HARBOL GAURANG <mailto:morsandbihari@hotmail.com>
To: canslim@lists.xmission.com <mailto:canslim@lists.xmission.com>
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
to judge that it would be more or less as compaired to 150% of 50 DMA Volume
?
Is there any web site that can send alert signal to this effect ?
Thanks,
Harbol.
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<DIV><SPAN class=370452718-19022002><FONT face=Arial color=#0000ff
size=2>All:</FONT></SPAN></DIV>
<DIV><SPAN class=370452718-19022002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=370452718-19022002><FONT face=Arial color=#0000ff size=2>As
Katherine mentioned, linear extrapolations can be misleading for stocks which
tend to trade heavier in the morning and/or the late afternoon. An
automatic trigger based on a linear formula may signal a buy for a stock
that forms such a pattern (like a cup). For stocks like this, I sometimes
use a mental trigger (based on a back-of-envelope calculation done once upon a
time) that by 11:00, the stock should have traded 1/3 of its ADV. But it
depends on the stock...</FONT></SPAN></DIV>
<DIV><SPAN class=370452718-19022002></SPAN> </DIV>
<DIV><SPAN class=370452718-19022002><FONT face=Arial color=#0000ff size=2>John
C.</FONT> </SPAN></DIV>
<DIV><SPAN class=370452718-19022002><FONT face=Arial color=#0000ff
size=2></FONT></SPAN> </DIV>
<BLOCKQUOTE dir=ltr style="MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> Duke Miller
[mailto:dukemill@tampabay.rr.com]<BR><B>Sent:</B> Tuesday, February 19, 2002
1:01 PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> RE:
[CANSLIM] Volume Extrapolation<BR><BR></FONT></DIV>
<DIV><SPAN class=551185817-19022002><FONT face=Arial>Katherine and
Harbol:</FONT></SPAN></DIV>
<DIV><SPAN class=551185817-19022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=551185817-19022002><FONT face=Arial>Second day on the job and
I get to contribute! </FONT></SPAN></DIV>
<DIV><SPAN class=551185817-19022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=551185817-19022002><FONT face=Arial>Attached is a handy Excel
Real-Time volume calculator I created. All you do is enter the stock's
average daily volume and the time of day you took the quote. You'll then
get a read out, based on what the volume should be at that moment and how it
compares to the average.</FONT></SPAN></DIV>
<DIV><SPAN class=551185817-19022002><FONT
face=Arial></FONT></SPAN> </DIV>
<DIV><SPAN class=551185817-19022002><FONT face=Arial>Duke</FONT></SPAN></DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B>
owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine
Malm<BR><B>Sent:</B> Tuesday, February 19, 2002 9:38 AM<BR><B>To:</B>
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Volume
Extrapolation<BR><BR></FONT></DIV>
<DIV>Hi Harbol,</DIV>
<DIV> </DIV>
<DIV>I don't know if there's a website that does this, but the formula you
would use is:</DIV>
<DIV> </DIV>
<DIV>Average Daily Volume (50 days) = ADV</DIV>
<DIV>Hours market is open per day = 6.5 hrs</DIV>
<DIV> </DIV>
<DIV>ADV*1.5/6.5 = 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 has been open and compare.</DIV>
<DIV> </DIV>
<DIV>If Volume>=MAV*hrs open, then it meets the minimum breakout
volume.</DIV>
<DIV> </DIV>
<DIV>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.</DIV>
<DIV> </DIV>
<DIV>Katherine</DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=morsandbihari@hotmail.com
href="mailto:morsandbihari@hotmail.com">HARBOL GAURANG</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
title=canslim@lists.xmission.com
href="mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, February 19, 2002 8:26
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [CANSLIM] Volume
Extrapolation</DIV>
<DIV><BR></DIV>HI,<BR> What is the method or formula to
extrapolate the current volume in order <BR>to judge that it would be more
or less as compaired to 150% of 50 DMA Volume <BR>?<BR><BR>Is there any
web site that can send alert signal to this effect
?<BR><BR>Thanks,<BR>Harbol.<BR><BR>_________________________________________________________________<BR>Get
your FREE download of MSN Explorer at <A
href="http://explorer.msn.com/intl.asp">http://explorer.msn.com/intl.asp</A>.<BR><BR><BR>-<BR>-To
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href="mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In
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Next Article (by Author): Re: [CANSLIM] Market Dan
Previous Article (by Author): [CANSLIM] Interesting post from http://groups.yahoo.com/group/holygrailsm/message/2375 Andreas Himmelreich
Next in Thread: Re: [CANSLIM] Volume Extrapolation "Perry Stanfield"
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