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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (7392)	12/3/2002 2:11:06 PM
From: Nutty Buddy	Respond to of 95490

Hi Kirk, <Can you explain what the "Power Column" means?> Glad to. Reference table- Semiconductor Equipment Stocks: home.mindspring.com I use a formula to assign a Power ranking to stocks I follow. In short, I consider the "power" to be the degree of dollar volume increase over the average. A stock that rises on stronger than average volume scores high, conversely a stock that drops on stronger than average volume scores low. I compare a stock's current "dollar" volume to its 50 day averaged daily dollar volume. The formula takes the percent of volume increase over the 50 Day Average Dollar Volume for the day considered and multiplies it times half of the percent gain for that day up to a value of 2 or -2: (DAY'S DOLLAR VOLUME / 50 DAY AVG DOLLAR VOLUME) * (DAY'S % GAIN / 2) where (DAY'S % GAIN / 2) cannot exceed 2 or -2 For the above semi table, the power rating uses the above formula based on a five day graduated weighting scale: (CURRENT DAY POWER * 5)+(PREV DAY POWER * 4)+....+(4 DAY AGO POWER * 1) and divide it by 15 (5+4+3+2+1) The results are then assigned a relative strength number. In the end, what you see in the power column of the table is the relative strength of the 5 day power results based on the 55 semi equipment stocks in the table along with the other 244 broad based stocks I follow - a total of 299 stocks. Here is a table that shows the daily power relative strength results of the 250 broad based stocks I follow over the current 23 trading days. The power is calculated for the one day, not the 5 days as done above: home.mindspring.com This table sorts the same 250 stocks by those that have seen the greatest increase in 50 day averaged daily "dollar" volume in 15 trading days and shows the 15 day trend: home.mindspring.com This graph tracks the daily count of stocks of the 250 with strong power volume ratings, up (green) and down (red): home.mindspring.com Buddy