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     007
Member
Username: 007
Post Number: 291
Registered: 05-2005Rating: N/A
Votes: 0
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| | Saturday, August 26, 2006 - 11:33 am: |  
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Colin and anyone else that can help!
I've been looking at POH as my selection for the weekly stock picking competition but have encountered a slight problem.
My IC POH chart tells me that a long-term channel breakout occurred on Friday, giving a buy signal and projected target of 66c. But, my other chart (data provided by BigCharts) tells me I still need another peak (before the upper channel line can be drawn) and then a breakout above this channel line (at around 45c) before I get the buy signal.
IC Chart (11 Years, Monthly)
Other Chart (11 Years, Monthly)
My question is, WHICH CHART DO I USE FOR THE COMPETITION? If IC uses adjusted data and the other uses raw data which data do I use?
I greatly appreciate any assistance.
Regards
(Message edited by 007 on August 26, 2006)
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captain_chaza
Member
Username: captain_chaza
Post Number: 2105
Registered: 02-2003Rating: N/A
Votes: 0
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| | Saturday, August 26, 2006 - 12:47 pm: |
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Ahoy Officer James
I would only go with the "Adjusted Data"
I found the hard way that all my instruments and moving averages went haywire to a point that I labeled these Captains of Industry "Cheats"
I figured that their only benefit was to shake off the Technical Navigator for their own selfish/greedy insider reasons
It was then like tossing a coin
Either Accumulation or Distribution?
Since I no longer had an edge, I outlawed these charts on my ship and considered those sails "Un-seaworthy"
(it was before IC and adjusted data in those days)
This law of the sea saved me heaps many many times
ONE(Onetel) comes to mind as they adjusted and cheated ~ 3 times
Bon Voyage and Gods Speed
PS Admiral Col'n
It would be nice to place a plumb line down the charts and indicators on these important dates to see if this malpractice is still evident
I assume it is ? but probably not as effective with more and more chartists moving to Adjusted data nowadays
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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007
Member
Username: 007
Post Number: 292
Registered: 05-2005
Rating: N/A
Votes: 0
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| | Sunday, August 27, 2006 - 09:03 am: |
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Okay fearless Captain!
I'll trust your many years of experience on this one. Adjusted data it is.
Regards
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2616
Registered: 09-2002Rating: N/A
Votes: 0
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| | Sunday, August 27, 2006 - 01:36 pm: |
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CC,
I suspect that some early corporate actions were motivated by a desire to move the goalposts. Nowadays adjusted data is more prevalent and the market adjusts for these actions.... at least for the larger stocks (ASX 200).
007,
There have been no dilutions on POH since April 99. This appears to be something else. I have checked IC data with the ASX charts and they seem to agree.
Regards,
Colin
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007
Member
Username: 007
Post Number: 294
Registered: 05-2005
Rating: N/A
Votes: 0
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| | Sunday, August 27, 2006 - 10:10 pm: |
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Colin,
yes, the IC POH chart of the close looks identical to the ASX close chart. But because the ASX doesnt provide bar charts I've gone to the next most reliable source, which I believe to be Etrade Australia and can confirm that their POH bar chart is identical to my second POH chart above.
All very strange.
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 273
Registered: 10-2005Rating: N/A
Votes: 0
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| | Monday, August 28, 2006 - 09:25 am: |
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As you mention comparing charts I remember something...
On May 29, 2006 I sat bored like every day watching some spread and it happened to be IVC. Nothing exciting was going on. It was trading at around $4.50 all day. I went home from work at 3:30pm. I was at home just after the closing price and checked in on IVC. The closing price was $4.79 which was really strange. I looked up ETrade's last fills and there it said the price had run up just before close and finished on a high at $4.79.
A few weeks later Colin sends out an email saying: The ASX has revised the closing prices for the <symbols> on <dates>. Our charts have been updated.
IVC was in the list and IC changed the chart.
ETrade has not updated its chart meaning they do not revise charts if the ASX changes data a few days afterwards.
The odd thing is I clearly saw the fills at $4.79 and I actually wonder if the ASX is wrong. I am also wondering why it took them days to announce the error.
---
ohk
Lies, Damn Lies and Technical Analysis
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2617
Registered: 09-2002Rating: N/A
Votes: 0
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| | Monday, August 28, 2006 - 10:06 am: |
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OHK,
The trades that you saw on IVC were later cancelled. The ASX issued adjustments for closing prices, but took several further days before adjusting the daily Highs.
Regards,
Colin
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007
Member
Username: 007
Post Number: 295
Registered: 05-2005
Rating: N/A
Votes: 0
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| | Wednesday, August 30, 2006 - 10:23 am: |
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Colin,
you'd be interested to know that I've come across two more charts with totally different POH data, so thats 4 totally different POH historical charts, neither agreeing with the other.
One could only assume that perhaps, in our day and age, there's a real need for tighter restrictions on the distribution of market related data.
Regards
Ben
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colin_twiggs
Member
Username: colin_twiggs
Post Number: 2625
Registered: 09-2002Rating: N/A
Votes: 0
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| | Wednesday, August 30, 2006 - 10:34 am: |
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Ben,
If you can download historical data from the other sources, we could check it against our own and investigate any differences.
Regards,
Colin
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007
Member
Username: 007
Post Number: 296
Registered: 05-2005
Rating: N/A
Votes: 0
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| | Wednesday, August 30, 2006 - 03:15 pm: |
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Colin,
I’ve only just started with the programs, so am still trying to get around all the different features (crappy features too, I should add, when compared to IC). But, at the moment it looks like extracting any historical data will be difficult because all data is received direct via servers.
I’ll get back to you if I find a way.
Regards
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kruupy
Member
Username: kruupy
Post Number: 32
Registered: 07-2005Rating: N/A
Votes: 0
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| | Friday, September 01, 2006 - 02:18 am: |
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Hi everyone,
sorry to get a bit side tracked/off topic but does anyone know why when I do an IC search without any parameters I get 2445 results however when I get a full list of ASX listed companies from: http://www.asx.com.au/asx/research/CompanyListed.jsp
I get approx 1900?
Does anyone know where the additional 545 companies are hiding??
Thanks,
From Kruupy.
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ohkoolnutz
Member
Username: ohkoolnutz
Post Number: 276
Registered: 10-2005Rating: N/A
Votes: 0
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| | Friday, September 01, 2006 - 09:12 am: |
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IC offers historical data for stocks not currently trading.
---
ohk
Lies, Damn Lies and Technical Analysis
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007
Member
Username: 007
Post Number: 297
Registered: 05-2005
Rating: N/A
Votes: 0
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| | Friday, September 01, 2006 - 10:36 am: |
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Options and Indices will come up in that search as well kruupy. Have you excluded these from your 2445 figure?
Regards
"When most people think of failure or success they think of these big giant things. But failure is not an overnight experience and neither is success. Failure is the result of failure to make the calls, failure to follow through, failure to give 100%. That creates ultimate failure in life. And yet, success is also one step at a time. It's successfully making the calls, it's successfully following through, its successfully breaking through the limits that usually stop you. It's the culmination of all those little successes, stacking up on top of the other, that eventually creates a life that we have total pride and joy knowing is our own." - Anthony Robbins
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