Re: [CANSLIM] ANSI

From: Kent Norman <kent_norman@yahoo.com>
Subject: Re: [CANSLIM] ANSI
Date: Fri, 21 Mar 2003 10:30:36 -0800 (PST)

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I will try:
Since a lot of the work we do is in percentages, the LOG chart
is a great tool. For example, on a log chart a $100 stock that
moves +$10 would get the same vertical distance as it did in the
past from $10 that moved +$1.

As the value increasese (or drops) you can maintain the %
perspective.

Regards
Kent

- --- Jonathan Lobatto <jlobatto@nyc.rr.com> wrote:
> This brings up a point I don't recall being discussed here
> before. When the ANSI question was raised, I looked at an
> arithmetic chart and it looked very sloppy. On the log chart
> Peter provided below, the wedge looks very orderly. Does
> anyone have any strong opinions on arithmetic vs. log charts
> when viewing price action and determining items like wedges??
>   ----- Original Message ----- 
>   From: Peter Christiansen 
>   To: canslim@lists.xmission.com 
>   Sent: Friday, March 21, 2003 10:54 AM
>   Subject: Re: [CANSLIM] ANSI
> 
> 
>   I don't see any wedging.  On a weekly chart, it looks like
> an ascending base that is acting well.  I would currently put
> the pivot at 40.359.
> 
> 
> 
>   michael_niemotka@baxter.com wrote:
> 
> All,
> 
> In looking at the past few days at ANSI, am I seeing things
> correctly, that
> it looks like the chart is showing some wedging action? Or
> since the price
> is fairly flat, is it just a good action to see in a possible
> handle, since
> volume is drying up?  Looks like a pivot point of $39.70.
> 
> Thanks
> 
> Mike
> 
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
> 
> 
> 
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>   


=====
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