RE: [CANSLIM] Bigchart bug or am I statistically challenged?


From: "David Taggart" <dctag@mavericktrading.com>
Subject: RE: [CANSLIM] Bigchart bug or am I statistically challenged?
Date: Sun, 15 Dec 2002 16:39:55 -0700

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A 50 ma on a daily chart uses the last 50 days of data.  On a weekly
chart it uses the last 50 weeks of data.  On an hourly chart it uses the
last 50 hours of data.  Monthly uses the last 50 months of data.  So
whenever you are looking at a chart look at the type of chart(weekly,
daily, hourly, etc.)and that is what the MA is going off of.
- -----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com] On Behalf Of rolf hertenstein
Sent: Sunday, December 15, 2002 3:19 PM
To: canslim@lists.xmission.com
Subject: [CANSLIM] Bigchart bug or am I statistically challenged?

I was playing with some different MAs on Bigcharts (e.g., 50, 150, 200
day
SMAs and EMAs).  For the same chart period (e.g., 3 years) and the same
MA (e.g., 50-day SMA) I noticed different curves leading to ultimately 
different current MA price (e.g., $33  vs. $37).  It looks like they
calculate
the MA differently for daily vs. weekly - perhaps using numbers for each
of 50
days for the daily and for each of 10 weeks for weekly in the case of 50
DMA.

That's not right is it?  My noodle tells me a 50 DMA is a 50 DMA, i.e,
calculated
from 50 days' of data.  Am I nuts (not in general, but specifically on
this question)?

Thanks!
   
 Rolf



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