Hi,
Has anyone ever tried to recreate the M, i.e. the direction of the market from the CAN SLIM method of William J. O Neill in wealth lab? I am interested in any ideas.
Thanks
Has anyone ever tried to recreate the M, i.e. the direction of the market from the CAN SLIM method of William J. O Neill in wealth lab? I am interested in any ideas.
Thanks
Rename
From what I read the M stands for tracking the behavior of market averages such as DJIA in a way you prefer, right?
https://smartasset.com/investing/can-slim
https://smartasset.com/investing/can-slim
QUOTE:
The “M” Factor
Market direction is in many ways the most important factor in the CAN SLIM system. Review market averages on a daily basis to determine the market direction. Market averages measure the overall price level of a given market, which is defined by a specific group of stocks. One example of a market average is the Dow Jones Industrial Average, a price-weighted average of 30 blue chip stocks that are listed on the New York Stock Exchange.
Seems that the CAN-SLIM has a lot of vague numbers to interpret. "S", "N" and "I" seem hard to define unless you have a better definition.
Your Response
Post
Edit Post
Login is required