Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: RE: [CANSLIM] Date: Mon, 18 Aug 2003 23:33:23 -0400
Date: Mon, 18 Aug 2003 22:43:08 -0500
Next Article (by Author): [CANSLIM] Date: Mon, 18 Aug 2003 23:33:23 -0400 "Lung Yien The"
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Top of Thread: [CANSLIM] Date: Mon, 18 Aug 2003 23:33:23 -0400 "Lung Yien The"
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This is a multi-part message in MIME format. - ------=_NextPart_000_0056_01C365DA.18980E00 Content-Type: text/plain; charset="US-ASCII" Content-Transfer-Encoding: 7bit MessageHi Yien, Since your questions are very specific to BreakoutWatch.com methodologies, they would best be asked on the site Q&A Forum at www.breakoutwatch.com . (Enter the site as a Guest and post your question to the forum) Katherine -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com]On Behalf Of Lung Yien The Sent: Monday, August 18, 2003 10:34 PM To: canslim@lists.xmission.com Subject: [CANSLIM] Date: Mon, 18 Aug 2003 23:33:23 -0400 hi guys, I was looking over Breakoutwatch.com and I have some questions about the formulation of some components of Canslim Evaluator. Would someone help me clarify some of my questions? 1) Relative Strength Rank (RS Rank) Is this the same rank as employed by IBD? I remember reading from HTMMIS that relative strength is calculated by taking the 52Week price change of each stock in the universe and ranked from 1 to 99. Is this the correct formula or is there a weighting scheme such that recent history is more important than past history? 2) Up/Down Ratio (U/D) What is the time span in order to generate the Up/Down ratio? 50 days? 10 days? Is there a standard practice? 3) Industry Score and Industry Rank Methodology From what I can understand, the first process is to obtain these numbers for each stock in the Universe. Then, give a rank from 1 to 99 for each stock and each item. - The current price relative to the 50 day MA - The current price relative to the 200 day MA - The 50 day MA relative to the 200 day MA - The stock's price relative to its 52 Week high - the stock's RS rank Next, in order to get the industry score, we take the average of each item of all the companies that belong to a certain industry or sector - which gives us a 5 aggregated industry numbers. These numbers are then aggregated together (maybe taken an average or a weighted average) and it becomes the industry score. Is my understanding correct? Thanks Yien - ------=_NextPart_000_0056_01C365DA.18980E00 Content-Type: text/html; charset="US-ASCII" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD><TITLE>Message</TITLE> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Dus-ascii"> <META content=3D"MSHTML 6.00.2800.1170" name=3DGENERATOR></HEAD> <BODY> <DIV><SPAN class=3D500004103-19082003>Hi Yien,</SPAN></DIV> <DIV><SPAN class=3D500004103-19082003></SPAN> </DIV> <DIV><SPAN class=3D500004103-19082003>Since your questions = are very=20 specific to BreakoutWatch.com methodologies, they would best be asked on = the=20 site Q&A Forum at <A=20 href=3D"http://www.breakoutwatch.com">www.breakoutwatch.com</A> . = (Enter the=20 site as a Guest and post your question to the forum)</SPAN></DIV> <DIV><SPAN class=3D500004103-19082003></SPAN> </DIV> <DIV><SPAN class=3D500004103-19082003>Katherine</SPAN></DIV> <BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px"> <DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT = face=3DTahoma=20 size=3D2>-----Original Message-----<BR><B>From:</B>=20 owner-canslim@lists.xmission.com=20 [mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Lung Yien = The<BR><B>Sent:</B> Monday, August 18, 2003 10:34 PM<BR><B>To:</B>=20 canslim@lists.xmission.com<BR><B>Subject:</B> [CANSLIM] Date: Mon, 18 = Aug 2003=20 23:33:23 -0400<BR><BR></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>hi=20 guys,</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D389403902-19082003></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>I = was looking over=20 Breakoutwatch.com and I have some questions about the formulation = of some=20 components of Canslim Evaluator. Would someone help me clarify some of = my=20 questions?</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D389403902-19082003></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>1) = Relative=20 Strength Rank (RS Rank)</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>Is = this the same=20 rank as employed by IBD? I remember reading from HTMMIS that relative = strength=20 is calculated by taking the 52Week price change of each stock in the = universe=20 and ranked from 1 to 99. Is this the correct formula or is there a = weighting=20 scheme such that recent history is more important than past=20 history?</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D389403902-19082003></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>2) = Up/Down Ratio=20 (U/D)</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>What = is the time=20 span in order to generate the Up/Down ratio? 50 days? 10 days? Is = there a=20 standard practice?</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D389403902-19082003></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>3) = Industry Score=20 and Industry Rank Methodology</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>From = what I can=20 understand, the first process is to obtain these numbers for each = stock in the=20 Universe. Then, give a rank from 1 to 99 for each stock and each=20 item.</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN = class=3D389403902-19082003> - The=20 current price relative to the 50 day MA</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN = class=3D389403902-19082003> - The=20 current price relative to the 200 day MA</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN = class=3D389403902-19082003> - The 50 day=20 MA relative to the 200 day MA</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN = class=3D389403902-19082003> - The=20 stock's price relative to its 52 Week high</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN = class=3D389403902-19082003> - the=20 stock's RS rank</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D389403902-19082003></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN = class=3D389403902-19082003>Next, in order to=20 get the industry score, we take the average of each item of all the = companies=20 that belong to a certain industry or sector - which gives us a 5 = aggregated=20 industry numbers. These numbers are then aggregated together (maybe = taken an=20 average or a weighted average) and it becomes the industry=20 score.</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D389403902-19082003></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN class=3D389403902-19082003>Is = my=20 understanding correct?</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D389403902-19082003></SPAN></FONT> </DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 class=3D389403902-19082003>Thanks</SPAN></FONT></DIV> <DIV><FONT face=3DArial size=3D2><SPAN=20 = class=3D389403902-19082003>Yien </SPAN></FONT></DIV></BLOCKQUOTE></B= ODY></HTML> - ------=_NextPart_000_0056_01C365DA.18980E00-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
Next Article (by Author): [CANSLIM] Date: Mon, 18 Aug 2003 23:33:23 -0400 "Lung Yien The"
Previous Article (by Author): RE: Beginners' CANSLIM Question (WAS: RE: [CANSLIM] What is your profession? - off list) "Harold Josephson"
Top of Thread: [CANSLIM] Date: Mon, 18 Aug 2003 23:33:23 -0400 "Lung Yien The"
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