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<span style='font-size:
10.0pt;font-family:Arial;color:navy'>I appreciated reading this exchange, and
put it aside for later study for my own learning. <span
style='mso-spacerun:yes'> I could be mistaken, but there appear to
be a couple of small errors: colb
and colc don’t seem to require that the ROC’s be >0, and in
cole, should 0.5 be 5.0, or even 500, depending on your data?<span
style='mso-spacerun:yes'> No offence intended to the brilliant
yellowstoneuk, but I thought I would pass these observations on.
<span style='font-size:
10.0pt;font-family:Arial;color:navy'>Barry
<span style='font-size:
10.0pt;font-family:Arial;color:navy'>
<span style='font-size:
10.0pt;font-family:Arial;color:navy'>
<span
lang=EN-US style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>-----Original
Message-----
From: hcour
[mailto:no_reply@xxxxxxxxxxxxxxx]
Sent: <st1:date
Month="11" Day="13" Year="2002"><span lang=EN-US
style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>Wednesday,
13 November 2002<span
lang=EN-US style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>
<span
lang=EN-US style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>12:17
PM<span lang=EN-US
style='font-size:10.0pt;font-family:Tahoma;mso-ansi-language:EN-US'>
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group]
Re: momentum exploration
<font size=3
face="Times New Roman">
<font size=2
face="Courier New">YS -<font
size=2 face="Courier New">
Wow. That is fantastic. Thanks so much. Can't wait
to try it out!
Harold
--- In equismetastock@xxxx,
"yellowstoneuk" <yellowstoneuk@xxxx>
wrote:
> cola
If(C,>=,HHV(C,260)*0.8,1,0)
>
> colb If(ROC(C ,20 ,% ),>,ROC(C
,260 ,% ),1,0)
>
> colc If(ROC(C ,65 ,% ),>,ROC(C
,130 ,% ),1,0)
>
> cold If(ROC(C ,130 ,%
),>,ROC(C ,260 ,% ),1,0)
>
>
cole If(C,>,0.50,1,0)
>
>
colf Sum(VOLUME,10)/10
>
> filter When(colA,=,1) AND When(colB,=,1) AND
When(colC,=,1) AND
When
> (colD,=,1) AND
When(colE,=,1) AND When(colF,>,40000)<span
style='color:navy'>
<span style='font-size:
10.0pt;font-family:Arial;color:navy'>
<font size=2
face="Courier New">The following is the
description of one of the Momentum Screens from
Multexinvestor.com. It contains no fundamental criteria. It comes <span
class=GramE>up
w/some very nice looking stocks.<font size=2
face="Courier New">
Would it be possible to translate this into MS
language to make it
an Exploration? And if so, any chance one of you MS whizzes <span
class=GramE>would
take a crack at it?
_____________________________________________________________________
Price Momentum
SUMMARY
This screen searches for stocks that are on the
move. The current
price must be equal to at least eighty percent of the fifty-two week
high, and the stocks must have demonstrated
patterns of gradual
price acceleration over the past year.
DETAILS
This screen selects stocks that are exhibiting
strong share price
trends. It doesn't contain any variables relating to company
fundamentals (i.e. trends in sales and profits). Nevertheless, <span
class=GramE>it's
highly unlikely that any stock could meet all of the tests presented
here unless the investment community as a whole
has broadly
favorable expectations about the company's
fundamental business
prospects.
1) {Price}>.8*{PriceH}
Line 1 starts with a simple test that quickly
weeds out deeply
depressed equities by requiring that the shares now be priced no
lower than 20% below their 52-week highs. Shares
that are far below
their recent peaks can, for brief periods of time, show strong
percentage price gains. But all too often, that
sort of strength
reflects the poor base upon which comparisons are calculated, as
opposed to bona fide fundamental bullishness.
2) {Pr4W%Chg}>{Pr52W%Chg}.AND.{Pr4W%Chg}>0
Line 2 points us toward stocks that have recently
caught Wall
Street's eye in a very favorable way. We want issues whose <span
class=GramE>prices
have risen in the past four weeks and have risen more in those four
weeks than they did in all of the past fifty two
weeks.
3) {Pr13W%Chg}>{Pr26W%Chg}.AND.{Pr13W%Chg}>0
Line 3, by seeking stocks that have appreciated in
the past thirteen
weeks and done so to a greater extent than they had over the prior
twenty six weeks, is similar to Line 2 except that
the latter
defines a less pronounced share price
acceleration. The benefit to
line 3 is its ability to demonstrate that the short-term price spike
we found in Line 2 is not an aberration but a
continuation of a
longer, albeit less pronounced, trend of share
price acceleration.
4) {Pr26W%Chg}>{Pr52W%Chg}
Line 4, which requires that the stock have
appreciated more in the
past twenty-six weeks than it did in the past fifty two weeks,
represents an extension of the concept presented
in Line 3. Lines 4,
3 and 2 represent progressively increasing degrees of share price
acceleration.
5) {Price}>5
Line 5 weeds out lower tier stocks. It eliminates
issues that trade
at or below $5 per share.
6) {Vol10DAvg}>.04
Line 6, which requires that average daily trading
volume over the
past ten days be greater than 40,000 (.04 million) assures that the
accelerating price trend is accompanied by at
least a respectable
level of volume. This enhances the probability
that the improving
price trend represents a bona fide assessment of company
fundamentals on the part of a reasonably-sized
segment of the
investment community.
_____________________________________________________________________
Thanks for any help here,
Harold
x
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