From: owner-canslim-digest@lists.xmission.com (canslim-digest) To: canslim-digest@lists.xmission.com Subject: canslim-digest V2 #2475 Reply-To: canslim Sender: owner-canslim-digest@lists.xmission.com Errors-To: owner-canslim-digest@lists.xmission.com Precedence: bulk Content-Transfer-Encoding: quoted-printable X-No-Archive: yes canslim-digest Friday, May 31 2002 Volume 02 : Number 2475 In this issue: RE: [CANSLIM] MIK RE: [CANSLIM] MIK Re: [CANSLIM] MIK RE: [CANSLIM] MIK Re: [CANSLIM] semi-log DGO? [CANSLIM] "Intro: Brian Liu" RE: [CANSLIM] MIK Re: [CANSLIM] semi-log DGO? Re: [CANSLIM] semi-log DGO? Re: [CANSLIM] semi-log DGO? Re: [CANSLIM] semi-log DGO? ---------------------------------------------------------------------- Date: Fri, 31 May 2002 11:17:00 -0500 From: michael_niemotka@baxter.com Subject: RE: [CANSLIM] MIK I like the fundies too, but the chart sure doesn't look like a cwh.... 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 "Kelly Short" cc: Sent by: Subject: RE: [CANSLIM] MIK owner-canslim@lists.xm ission.com 05/31/2002 10:58 AM Please respond to canslim Mike, I have been following MIK for several weeks now- they have had good performance every quarter since existence. I'm starting to remember the definition of blue chips when I think of MIK. I'd check into it- you may have a long term keeper. - -Kelly - -----Original Message----- From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com] Sent: Friday, May 31, 2002 10:29 AM To: canslim@lists.xmission.com Subject: [CANSLIM] MIK Okay group, I have a position in MIK, and today, it is flying, up 12% at this point, which is giving me a 8% gain from my entry. Do you think I should hang on to this one, or sell it at the end of the day at take a profit? 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 11:17:50 -0500 From: "Kelly Short" Subject: RE: [CANSLIM] MIK Mike- I concede on the cwh... it definitely could look better... Kelly - -----Original Message----- From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com] Sent: Friday, May 31, 2002 11:17 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] MIK I like the fundies too, but the chart sure doesn't look like a cwh.... 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 = =20 "Kelly Short" = =20 cc: = =20 Sent by: Subject: RE: = [CANSLIM] MIK =20 owner-canslim@lists.xm = =20 ission.com = =20 = =20 = =20 05/31/2002 10:58 AM = =20 Please respond to = =20 canslim = =20 = =20 = =20 Mike, I have been following MIK for several weeks now- they have had good performance every quarter since existence. I'm starting to remember the definition of blue chips when I think of MIK. I'd check into it- you may have a long term keeper. - -Kelly - -----Original Message----- From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com] Sent: Friday, May 31, 2002 10:29 AM To: canslim@lists.xmission.com Subject: [CANSLIM] MIK Okay group, I have a position in MIK, and today, it is flying, up 12% at this point, which is giving me a 8% gain from my entry. Do you think I should hang = on to this one, or sell it at the end of the day at take a profit? 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. _________________________________________________________________________= ___ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 09:19:10 -0700 From: Harvey Brion Subject: Re: [CANSLIM] MIK Mike, If you're a day trader, sell at the end of the day. Otherwise, I'd set a (mental) stop at $37.95 and hold on. Hopefully near term market gyrations will not take you out. Fund ownership is real high at 45% and ROE is a little low at 13%. If I were trying to get into the stock now, I'd place a limit order at $39.88 (yesterday's high, bottom of gap) and wait for a (market driven) pullback. Might not ever get executed but will help prevent getting whipsawed. -Harvey michael_niemotka@baxter.com wrote: > Okay group, > > I have a position in MIK, and today, it is flying, up 12% at this point, > which is giving me a 8% gain from my entry. Do you think I should hang on > to this one, or sell it at the end of the day at take a profit? > > 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 > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 09:28:45 -0700 (PDT) From: Eric Jaenike Subject: RE: [CANSLIM] MIK - --0-1867749507-1022862525=:5582 Content-Type: text/plain; charset=us-ascii I would keep an eye on action in ACMR as well. Kelly Short wrote: Mike, I have been following MIK for several weeks now- they have had good performance every quarter since existence. I'm starting to remember the definition of blue chips when I think of MIK. I'd check into it- you may have a long term keeper. - -Kelly - -----Original Message----- From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com] Sent: Friday, May 31, 2002 10:29 AM To: canslim@lists.xmission.com Subject: [CANSLIM] MIK Okay group, I have a position in MIK, and today, it is flying, up 12% at this point, which is giving me a 8% gain from my entry. Do you think I should hang on to this one, or sell it at the end of the day at take a profit? 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 - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ____________________________________________________________________________ For your protection, this e-mail message has been scanned for viruses. Visit us at http://www.neoris.com/ - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - --------------------------------- Do You Yahoo!? Yahoo! - Official partner of 2002 FIFA World Cup - --0-1867749507-1022862525=:5582 Content-Type: text/html; charset=us-ascii

I would keep an eye on action in ACMR as well.

  Kelly Short <kelly.short@neoris.com> wrote:

Mike,

I have been following MIK for several weeks now- they have had good performance every quarter since existence. I'm starting to remember the definition of blue chips when I think of MIK. I'd check into it- you may have a long term keeper.

-Kelly


-----Original Message-----
From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com]
Sent: Friday, May 31, 2002 10:29 AM
To: canslim@lists.xmission.com
Subject: [CANSLIM] MIK


Okay group,

I have a position in MIK, and today, it is flying, up 12% at this point,
which is giving me a 8% gain from my entry. Do you think I should hang on
to this one, or sell it at the end of the day at take a profit?



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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-"unsubscribe canslim". Do not use quotes in your email.

____________________________________________________________________________
For your protection, this e-mail message has been scanned for viruses.
Visit us at http://www.neoris.com/

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Do You Yahoo!?
Yahoo! - Official partner of 2002 FIFA World Cup - --0-1867749507-1022862525=:5582-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 14:16:16 EDT From: Spencer48@aol.com Subject: Re: [CANSLIM] semi-log DGO? Katherine: DGO really does it this way: using arithmetic scales for the Day; and semi-log for the week!? It's asking those of us who analyze charts using the Canslim method of using PP. BO's, C&H and Double Bottom formations to logically evaluate different items on the same scale. For instance, if the price of a stock is high, a flat base will look flat on a semi-log where it wouldn't in an arithmetic. Does the DGOnline method make any sense to you? Tom? Anyone? jans In a message dated 5/31/2002 8:57:20 AM Eastern Daylight Time, kmalm@earthlink.net writes: << Hi Dave, The numeric interval is based on arithmetic scaling for daily and intraday charts, and logarithmic scaling for weekly charts. >> - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 19:35:01 +0100 From: Brian.Liu@killik.co.uk Subject: [CANSLIM] "Intro: Brian Liu" Dear All: 19:19pm on a Friday evening 31/May/2002. Before a four day public holiday in UK, celebrating our Queen's Jubilee ...I am still at my desk, in my office, searching through Google to found investor who are as interest and passionate about CANSLIM...that is how desperate I am.... I will briefly introduce myself, no doubt we will have more chances as we move forward... I have been working as a Stockbroker in UK for 2-3 years, and have always been interested in financial markets, which channelled me to read the Buffets, the Lunch's and Soros of this world. However, after reading William O'Neil's amazing book (my third time), I am enlightened and feel the system can be better beaten and won many more times. But, finding fellow following of CANSLIM in UK is hard and finding data to back up CANSLIM in UK is even harder, therefore, I am very excited and happy about this discovery. I will look forward to future healthy discussion and long may this prosper..... I am very happy to be allowed to join your discussion group and it will be a pleasure to share your thoughts and insights. Brian Liu ********************************************************************** Killik & Co is a member of the London Stock Exchange and is regulated by the FSA. A list of partners is available on request. Please visit our website at http://www.killik.co.uk for the free Daily View and other Internet Services such as online dealing and research. The information in this E-Mail and any attachments is CONFIDENTIAL and intended solely for the use of the individual to whom it is addressed. This document should only be read by those persons to whom it is addressed and is not intended to be relied upon by any person without subsequent written confirmation of its contents. Accordingly, Killik & Co disclaim all responsibility and accept no liability (including negligence) for the consequences of any person acting, or refraining from acting, on such information prior to the receipt by those persons of subsequent written confirmation. If you have received this E-mail in error, please notify us immediately by telephone on (+44) 0207 337 0400 - please also destroy and delete the message from your computer. Any form of reproduction, dissemination, copying, disclosure, modification, distribution and/ or publication of this E-mail message is strictly prohibited. Any views or opinions expressed are those of the individual sender and do not necessarily represent the views of Killik & Co. ********************************************************************** - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: 31 May 2002 11:45:03 -0700 From: "Tim Fisher" Subject: RE: [CANSLIM] MIK I have held MIK for over 6 months, and would not let go now. One of the best stocks I have ever owned. At 09:28 AM 5/31/2002 -0700, you wrote: >I would keep an eye on action in ACMR as well. > > Kelly Short wrote: >Mike, > >I have been following MIK for several weeks now- they have had good >performance every quarter since existence. I'm starting to remember the >definition of blue chips when I think of MIK. I'd check into it- you may >have a long term keeper. > >-Kelly > > > >-----Original Message----- >From: michael_niemotka@baxter.com [mailto:michael_niemotka@baxter.com] >Sent: Friday, May 31, 2002 10:29 AM >To: canslim@lists.xmission.com >Subject: [CANSLIM] MIK > > > >Okay group, > >I have a position in MIK, and today, it is flying, up 12% at this point, >which is giving me a 8% gain from my entry. Do you think I should hang on >to this one, or sell it at the end of the day at take a profit? > > > > > >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 Tim Fisher Ore-ROCK-On Rockhounding Web Site Owner, Fisher Fisheries, Ltd. mailto:tim@OreRockOn.com WWW http://OreRockOn.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 12:10:39 -0700 From: Harvey Brion Subject: Re: [CANSLIM] semi-log DGO? I'd prefer to have log price scales for all time scales but I haven't found it to be a great distraction to have daily and intraday charts on linear price scales - maybe because I got used to the earlier version of DGO which only had daily charts with linear price scales. Daily charts run a full year in length and it sure would be nice to have them in log scale also. Anywhere I can set the price scale myself (bigcharts, quotetracker, etc.) I use log scale exclusively. Spencer48@aol.com wrote: > Katherine: > > DGO really does it this way: using arithmetic scales for the Day; and > semi-log for the week!? > > It's asking those of us who analyze charts using the Canslim method of > using PP. BO's, C&H and Double Bottom formations to logically evaluate > different items on the same scale. For instance, if the price of a stock is > high, a flat base will look flat on a semi-log where it wouldn't in an > arithmetic. > > Does the DGOnline method make any sense to you? Tom? Anyone? > > jans > > In a message dated 5/31/2002 8:57:20 AM Eastern Daylight Time, > kmalm@earthlink.net writes: > > << Hi Dave, > The numeric interval is based on arithmetic scaling for daily and intraday > charts, and logarithmic scaling for weekly charts. >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 14:12:15 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] semi-log DGO? This is a multi-part message in MIME format. - ------=_NextPart_000_009B_01C208AD.2A556880 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi jans, I'm getting better at this...I vaguely remembered something at = Investors.com about the arithmetic v. log scale issue, and sure enough, = here it is: Question: To correctly identify a winning chart pattern, should we look at a = logarithmic scale or an arithmetic scale chart? A pattern may look a lot = different depending on which type of scale you use. Answer: When using a daily chart, an arithmetic scale chart (in which the = vertical axis denoting a stock's price shows equal spacing between each = unit of price) is fine. For example, a flat base will appear as a tight = formation on either the linear or the log scale chart. More importantly, = check to see that the percentage price change between the high and the = low of the base fits the parameters of the base it portrays. In a good = flat base, the stock should never fall more than 10-15 percent below the = peak in the base. In a weekly chart, a logarithmic chart has a couple of = advantages. If a stock falls from, say, 200 to 100, the depth of the = drop will look the same as one that falls from 40 to 20. In both cases, = the stock has dropped 50 percent. Also on a log chart, you can more = clearly see when a stock is rising fast or too fast in price. If a stock = rises 50 percent or more in just a week, it will look more dramatic on a = log chart than on an arithmetic chart. Such climax runs following = previous big gains often signal the stock's top. - --Katherine ----- Original Message -----=20 From: Spencer48@aol.com=20 To: canslim@lists.xmission.com=20 Sent: Friday, May 31, 2002 1:16 PM Subject: Re: [CANSLIM] semi-log DGO? Katherine: DGO really does it this way: using arithmetic scales for the Day; = and=20 semi-log for the week!? =20 It's asking those of us who analyze charts using the Canslim = method of=20 using PP. BO's, C&H and Double Bottom formations to logically evaluate = different items on the same scale. For instance, if the price of a = stock is=20 high, a flat base will look flat on a semi-log where it wouldn't in an = arithmetic. Does the DGOnline method make any sense to you? Tom? Anyone? jans In a message dated 5/31/2002 8:57:20 AM Eastern Daylight Time,=20 kmalm@earthlink.net writes: << Hi Dave, The numeric interval is based on arithmetic scaling for daily and = intraday=20 charts, and logarithmic scaling for weekly charts. >> - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_009B_01C208AD.2A556880 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Hi jans,
 
I'm getting better at this...I vaguely remembered something at=20 Investors.com about the arithmetic v. log scale issue, and sure enough, = here it=20 is:
 
Question:
To correctly identify a winning chart pattern, should we look at a=20 logarithmic scale or an arithmetic scale chart? A pattern may look a lot = different depending on which type of scale you use.
Answer:
When using a daily chart, an arithmetic scale chart (in which the = vertical=20 axis denoting a stock's price shows equal spacing between each unit of = price) is=20 fine. For example, a flat base will appear as a tight formation on = either the=20 linear or the log scale chart. More importantly, check to see that the=20 percentage price change between the high and the low of the base fits = the=20 parameters of the base it portrays. In a good flat base, the stock = should never=20 fall more than 10-15 percent below the peak in the base. In a weekly = chart, a=20 logarithmic chart has a couple of advantages. If a stock falls from, = say, 200 to=20 100, the depth of the drop will look the same as one that falls from 40 = to 20.=20 In both cases, the stock has dropped 50 percent. Also on a log chart, = you can=20 more clearly see when a stock is rising fast or too fast in price. If a = stock=20 rises 50 percent or more in just a week, it will look more dramatic on a = log=20 chart than on an arithmetic chart. Such climax runs following previous = big gains=20 often signal the stock's top.
 
--Katherine
----- Original Message -----
From:=20 Spencer48@aol.com
Sent: Friday, May 31, 2002 1:16 = PM
Subject: Re: [CANSLIM] semi-log = DGO?

Katherine:

     DGO really = does it=20 this way: using arithmetic scales for the Day; and
semi-log for = the=20 week!? 

     It's asking those of us = who=20 analyze charts using the Canslim method of
using PP. BO's, C&H = and=20 Double Bottom formations to logically evaluate
different items on = the same=20 scale.  For instance, if the price of a stock is
high, a flat = base=20 will look flat on a semi-log where it wouldn't in an=20
arithmetic.

     Does the DGOnline = method make=20 any sense to you?  Tom?  Anyone?

jans


In a = message=20 dated 5/31/2002 8:57:20 AM Eastern Daylight Time,
kmalm@earthlink.net=20 writes:

<<  Hi Dave,
 The numeric interval = is based=20 on arithmetic scaling for daily and intraday
charts, and = logarithmic=20 scaling for weekly charts. >>

-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. - ------=_NextPart_000_009B_01C208AD.2A556880-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 12:28:13 -0700 From: Harvey Brion Subject: Re: [CANSLIM] semi-log DGO? I remember seeing this, Katherine. WON makes a strong argument for using log scale and to me these same arguments apply to daily charts. He seems to be rationalizing linear scale for daily charts as "fine," probably because both the online and printed product daily charts are in linear scale and it would be too costly for them to make a change. It would be interesting to see what a poll of their subscribers would say. - -Harvey Katherine Malm wrote: > Hi jans, I'm getting better at this...I vaguely remembered something > at Investors.com about the arithmetic v. log scale issue, and sure > enough, here it is: Question:To correctly identify a winning chart > pattern, should we look at a logarithmic scale or an arithmetic scale > chart? A pattern may look a lot different depending on which type of > scale you use.Answer:When using a daily chart, an arithmetic scale > chart (in which the vertical axis denoting a stock's price shows equal > spacing between each unit of price) is fine. For example, a flat base > will appear as a tight formation on either the linear or the log scale > chart. More importantly, check to see that the percentage price change > between the high and the low of the base fits the parameters of the > base it portrays. In a good flat base, the stock should never fall > more than 10-15 percent below the peak in the base. In a weekly chart, > a logarithmic chart has a couple of advantages. If a stock falls from, > say, 200 to 100, the depth of the drop will look the same as one that > falls from 40 to 20. In both cases, the stock has dropped 50 percent. > Also on a log chart, you can more clearly see when a stock is rising > fast or too fast in price. If a stock rises 50 percent or more in just > a week, it will look more dramatic on a log chart than on an > arithmetic chart. Such climax runs following previous big gains often > signal the stock's top. --Katherine > > ----- Original Message ----- > From: Spencer48@aol.com > To: canslim@lists.xmission.com > Sent: Friday, May 31, 2002 1:16 PM > Subject: Re: [CANSLIM] semi-log DGO? > Katherine: > > DGO really does it this way: using arithmetic scales > for the Day; and > semi-log for the week!? > > It's asking those of us who analyze charts using the > Canslim method of > using PP. BO's, C&H and Double Bottom formations to > logically evaluate > different items on the same scale. For instance, if the > price of a stock is > high, a flat base will look flat on a semi-log where it > wouldn't in an > arithmetic. > > Does the DGOnline method make any sense to you? Tom? > Anyone? > > jans > > > In a message dated 5/31/2002 8:57:20 AM Eastern Daylight > Time, > kmalm@earthlink.net writes: > > << Hi Dave, > The numeric interval is based on arithmetic scaling for > daily and intraday > charts, and logarithmic scaling for weekly charts. >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ Date: Fri, 31 May 2002 14:36:37 -0500 From: "Katherine Malm" Subject: Re: [CANSLIM] semi-log DGO? This is a multi-part message in MIME format. - ------=_NextPart_000_00B2_01C208B0.9237EC40 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Interesting point you make, Harvey. I am so conditioned to reading the = DGO daily charts in arithmetic scale that I would probably find it = difficult to make a permanent change to log scale. I've never been able = to get the new weekly charts to scale properly on my computer without = reducing the resultant font size to Lilliputian scale, so can't say that = I could make a meaningful comparison. Katherine ----- Original Message -----=20 From: Harvey Brion=20 To: canslim@lists.xmission.com=20 Sent: Friday, May 31, 2002 2:28 PM Subject: Re: [CANSLIM] semi-log DGO? I remember seeing this, Katherine. WON makes a strong argument for using log scale and to me these same arguments apply to daily charts. He seems to be rationalizing linear scale for daily charts as "fine," probably because both the online and printed product daily charts are = in linear scale and it would be too costly for them to make a change. It would be interesting to see what a poll of their subscribers would = say. -Harvey Katherine Malm wrote: > Hi jans, I'm getting better at this...I vaguely remembered something > at Investors.com about the arithmetic v. log scale issue, and sure > enough, here it is: Question:To correctly identify a winning chart > pattern, should we look at a logarithmic scale or an arithmetic = scale > chart? A pattern may look a lot different depending on which type of > scale you use.Answer:When using a daily chart, an arithmetic scale > chart (in which the vertical axis denoting a stock's price shows = equal > spacing between each unit of price) is fine. For example, a flat = base > will appear as a tight formation on either the linear or the log = scale > chart. More importantly, check to see that the percentage price = change > between the high and the low of the base fits the parameters of the > base it portrays. In a good flat base, the stock should never fall > more than 10-15 percent below the peak in the base. In a weekly = chart, > a logarithmic chart has a couple of advantages. If a stock falls = from, > say, 200 to 100, the depth of the drop will look the same as one = that > falls from 40 to 20. In both cases, the stock has dropped 50 = percent. > Also on a log chart, you can more clearly see when a stock is rising > fast or too fast in price. If a stock rises 50 percent or more in = just > a week, it will look more dramatic on a log chart than on an > arithmetic chart. Such climax runs following previous big gains = often > signal the stock's top. --Katherine > > ----- Original Message ----- > From: Spencer48@aol.com > To: canslim@lists.xmission.com > Sent: Friday, May 31, 2002 1:16 PM > Subject: Re: [CANSLIM] semi-log DGO? > Katherine: > > DGO really does it this way: using arithmetic scales > for the Day; and > semi-log for the week!? > > It's asking those of us who analyze charts using the > Canslim method of > using PP. BO's, C&H and Double Bottom formations to > logically evaluate > different items on the same scale. For instance, if the > price of a stock is > high, a flat base will look flat on a semi-log where it > wouldn't in an > arithmetic. > > Does the DGOnline method make any sense to you? Tom? > Anyone? > > jans > > > In a message dated 5/31/2002 8:57:20 AM Eastern Daylight > Time, > kmalm@earthlink.net writes: > > << Hi Dave, > The numeric interval is based on arithmetic scaling for > daily and intraday > charts, and logarithmic scaling for weekly charts. >> > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_00B2_01C208B0.9237EC40 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Interesting point you make, Harvey. I am so conditioned to reading = the DGO=20 daily charts in arithmetic scale that I would probably find it difficult = to make=20 a permanent change to log scale. I've never been able to get the new = weekly=20 charts to scale properly on my computer without reducing the resultant = font size=20 to Lilliputian scale, so can't say that I could make a meaningful=20 comparison.
 
Katherine
----- Original Message -----
From:=20 Harvey = Brion
Sent: Friday, May 31, 2002 2:28 = PM
Subject: Re: [CANSLIM] semi-log = DGO?

I remember seeing this, Katherine.  WON makes a = strong=20 argument for
using log scale and to me these same arguments apply = to daily=20 charts.
He seems to be rationalizing linear scale for daily charts = as=20 "fine,"
probably because both the online and printed product daily = charts=20 are in
linear scale and it would be too costly for them to make a=20 change.  It
would be interesting to see what a poll of their=20 subscribers would say.
-Harvey

Katherine Malm = wrote:

> Hi=20 jans, I'm getting better at this...I vaguely remembered = something
> at=20 Investors.com about the arithmetic v. log scale issue, and = sure
>=20 enough, here it is: Question:To correctly identify a winning = chart
>=20 pattern, should we look at a logarithmic scale or an arithmetic = scale
>=20 chart? A pattern may look a lot different depending on which type = of
>=20 scale you use.Answer:When using a daily chart, an arithmetic = scale
>=20 chart (in which the vertical axis denoting a stock's price shows = equal
>=20 spacing between each unit of price) is fine. For example, a flat = base
>=20 will appear as a tight formation on either the linear or the log = scale
>=20 chart. More importantly, check to see that the percentage price = change
>=20 between the high and the low of the base fits the parameters of = the
>=20 base it portrays. In a good flat base, the stock should never = fall
>=20 more than 10-15 percent below the peak in the base. In a weekly = chart,
>=20 a logarithmic chart has a couple of advantages. If a stock falls = from,
>=20 say, 200 to 100, the depth of the drop will look the same as one = that
>=20 falls from 40 to 20. In both cases, the stock has dropped 50 = percent.
>=20 Also on a log chart, you can more clearly see when a stock is = rising
>=20 fast or too fast in price. If a stock rises 50 percent or more in = just
>=20 a week, it will look more dramatic on a log chart than on an
>=20 arithmetic chart. Such climax runs following previous big gains = often
>=20 signal the stock's top.=20 --Katherine
>
>      ----- = Original=20 Message -----
>      From: Spencer48@aol.com
> &nbs= p;   =20 To: canslim@lists.xmission.com=
>     =20 Sent: Friday, May 31, 2002 1:16 = PM
>     =20 Subject: Re: [CANSLIM] semi-log=20 DGO?
>      =20 = Katherine:
>
>        = ;  =20 DGO really does it this way: using arithmetic=20 scales
>      for the Day;=20 and
>      semi-log for the=20 = week!?
>
>        &nb= sp; =20 It's asking those of us who analyze charts using=20 the
>      Canslim method=20 of
>      using PP. BO's, C&H and = Double=20 Bottom formations to
>      logically=20 evaluate
>      different items on the = same=20 scale.  For instance, if = the
>      price=20 of a stock is
>      high, a flat base = will=20 look flat on a semi-log where it
>      = wouldn't in an
>     =20 = arithmetic.
>
>       &nbs= p;  =20 Does the DGOnline method make any sense to you? =20 Tom?
>     =20 Anyone?
>
>     =20 jans
>
>
>      In a = message dated=20 5/31/2002 8:57:20 AM Eastern = Daylight
>     =20 Time,
>      kmalm@earthlink.net=20 writes:
>
>      <<  = Hi=20 Dave,
>       The numeric interval = is=20 based on arithmetic scaling for
>      = daily=20 and intraday
>      charts, and = logarithmic=20 scaling for weekly charts.=20 >>
>
>     =20 -
>      -To subscribe/unsubscribe, = email "majordomo@xmission.com"
>= ;     =20 -In the email body, write "subscribe canslim"=20 or
>      -"unsubscribe canslim".  = Do not=20 use quotes in your email.
>


-
-To = subscribe/unsubscribe,=20 email "majordomo@xmission.com"
-In= the=20 email body, write "subscribe canslim" or
-"unsubscribe = canslim".  Do=20 not use quotes in your email. - ------=_NextPart_000_00B2_01C208B0.9237EC40-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. ------------------------------ End of canslim-digest V2 #2475 ****************************** To unsubscribe to canslim-digest, send an email to "majordomo@xmission.com" with "unsubscribe canslim-digest" in the body of the message. For information on digests or retrieving files and old messages send "help" to the same address. Do not use quotes in your message.