Hi Glen, RE: Calculating the v-Wave...................
The "old" vWave was determined with the following:
Value Line Appreciation Potential (weekly from Value Line's "Summary and Index" Section.
1) Divide the VLAP by 2.34 (the highest VLAP on record was 234%)
2) Subtract #1 from 100 to get the "old" VW.
3) Multiply #2 times 0.73175 to get the "new" VW.
For the data collected so far, this centers the VW database around an average value of 50, or 50% Cash Reserve indicated. The Value Wave Team still needs to collect data from 1999 through mid-2007. That will be done sometime soon.
Hope this helps everyone,
Tom
Port Washington, WI 53074