Recent content by qed

Nice short set up on ICE. Will they let it break?

Thre is a 138 page Jack Hershey document on channels that I have seen but I don't know how to download off of Traderuniverse.org. Does anyone know where I can obtain that document?

I have had GROW since the break out at $25. It has an ROE of 69% with no debt. IMO stocks with high ROE should be kept rather then sold if they appear to be leaders. I have really been astounded at the volatility of IAAC. 5% to 10% intraday moves up or down are quite common. I lightened up...

GROW and IAAC were both in DU this morning. But both are near the left side of their channels. I have owned both from lower levels, but how do you make a decision on whether to add or buy if the stock is extended and near its channel line? Is there some other screen you want to do? I added...

Spydertrader, I recall you saying that DU as currently calculated is the average of the lowest bars for the last three months. I'm trying to create your DU formula in Tradestation. After averaging the last three months how do you arrive at the lower and upper range of DU?

WNR breaking out. VLO active. Inventory report out in a few minutes. ALJ may follow. I still own ALJ from many weeks ago and added to my BTJ this morning. Bought PEIX and ALY is perking up also. The whole sector is moving.

I didn't understand what Jack meant by minority rule for the longest time. But I believe I do now. I like to think of peak volume as that time when everyone agrees on price. All of the rats on the ship are happy. But then one rat jumps ship, and another, and on and on until there is a...

Buying BTJ and wathcing ANDE today.

GIGM. Why go long a stock when the forward eps for 2007 is projected to rise a scant 1%? Also there have been two huge volume dumps over the last five weeks. I don't see the momentum personally but I suppose that analysts can get it wrong.

Spydertrader, on your DTLK chart how are you determining the slope of your upward sloping blue channel lines? The only points connected by your channel lines are the one at the bottom of the chart and the last bar. Does that mean you drew the lines when the last bar was formed and if so why?

Monkman, I do not know why the Tradestation numbers are somewhat different. For me they generally seemed to track what I saw on wealthlab but the indicators may look different in charts that are scaled differently. If you come up with anything please let me know. Of course your entry points...

Long ALY @$18.49 and holding ALJ from prior days.

I have about 200 stocks on my watchlist for CANSLIM breakouts. I try to follow the rules such as buying withing 15% of new highs and waiting for proper chart patterns to form. There is always something breaking out. I use IBD custom screen Wizard to build my watchlist.

Monkman, I thought that was a calculation for unusual volume. It is the intraday percentage of volume as a percentage of the 65 dma of volume. Maybe I do not have the correct difinition of unusual volume. If I do not please set me straight.

Monkman Here is the formula that I use in Tradestation. Please keep in mind that I am a rank ameteur at coding. Value1 = volume today/AverageFc(volume, 50)*100; Plot1( Value1, "Plot1" ) ; I use the 50dma because that is what IBD uses. You would want to substitute 50 with 65. I...