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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: milesofstyles who wrote (29296)	5/9/1999 3:40:00 AM
From: Warthog	Read Replies (1) \| Respond to of 79201

milesov, I noticed an intersection of your list and mine. ADAM CACOA DRMD TRMB and I got confused by the 5 day volume figure. for instance symbol 5 day vol si reported vol 1 day adam 106400 277200 cacoa 147640 317900 drmd 354060 540500 trmb 82720 329400 notice the "si reported volume for 1 day" is greater than your 5 day total. am i looking at wrong units?? sometimes I have used the ratio mov(v,5,s)/mov(v,30,s) as a sorting parameter. thanks wart

To: milesofstyles who wrote (29296)	5/9/1999 7:04:00 PM
From: wanmore	Read Replies (1) \| Respond to of 79201

Miles please tell me if there is a software program available to do a scan in the following manner. It is long but I think it will interest you. Objective: To compare past price and volume movements of stock charts to a current chart to find a match. Hopefully this will give an indication from past movements how a current stock will move. Limitations: Price cannot be used. Only price movement can be considered. You would need to search within same industries or sub-industries. No fundamental data or news can be used. Similarities in volume would also help confirm chart movements (although actual volume numbers couldn't be used only ratios comparing the past chart to a current one). The ability to scan 30, 60, and 90 day periods of similarities to help expand or reduce the number of choices. The ability to scan all current charts and compare them to a database of all historical charts would work better than picking one stock and doing a scan on one at a time. How I see it working: To compare a $25 stock price movements with a $125 stock price movements you would program the following conditions or paramaters. 1) The 30, 60, or 90 day high (depending on the time length of the scan) must be given a value of 100. 2) The 30, 60, or 90 day low (again, depending on the time length)must be given a value of 1 3) All significant prices during the period (open, high, low, and close) would be given a value between 1 & 100 based on the % of the high or low. The scan would look for any chart from anytime in the past that has a number sequence exactly or very close to the same. You would look at the historical chart and see what it did during the following days/weeks and assume the current one would re-act in a similar manner. Volume could be checked in a similar way. I have an example drawn up but no way to post it