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    Spydertrader's Jack Hershey Equities Journal

    I had to switch the RS and EPS rankings in order to obtain 81 stocks (RS=80, EPS=90). Lowering both EPS and RS to 80 produced a list of 161 stocks - too many. My Hotlist only contains four stocks - none came from the zero's list. The Watch List contains ten stocks - each in one form of dry up...
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    Spydertrader's Jack Hershey Equities Journal

    Glad to hear you have had success trading Jack Hershey's methods, and I appreciate your contributions. Feel free to post your selection criteria for the MSN Screener. I agree we would like to find stocks experiencing a recent pullback during an overall upward trend. During a flat or falling...
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    Spydertrader's Jack Hershey Equities Journal

    Attached, please find a small bit of code I wrote for a free charting program called, "Wall Street Analyzer" available at the http://www.Lathuy.com web site. The code automatically scores a universe of stocks (I used my 'final universe list') based on The Jack Hershey PVAD Formula. In the...
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    Spydertrader's Jack Hershey Equities Journal

    You correctly interpret Jack's teachings when it comes to setting the RS and EPS levels at the stocktables.com web site. He does often advise altering the RS and EPS settings, however, setting RS and EPS too low allows for the possibility of choosing stocks that aren't the best candidates. The...
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    Spydertrader's Jack Hershey Equities Journal

    Unless I have stocks to monitor from a previous day, I walk away at 11:00 AM if no signals to trade occur. I might check back after the close to see what happened with trades I did NOT take (for failing to meet all the necessary criteria). Today, I looked at the chart of GMAI after the close...
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    Spydertrader's Jack Hershey Equities Journal

    The 11:00 AM cutoff has passed without providing a trade based on our criteria for entry. No trades for today. Since we have no trades to monitor (from previous trading days), time to unplug and pursue 'non-trading' activities. Always good to have a balance in life. I normally create my...
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    Spydertrader's Jack Hershey Equities Journal

    Glad to know you remain focused on learning Jack Hershey's Methods. I look forward to seeing the results of your efforts, and encourage the participation. - Spydertrader
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    Spydertrader's Jack Hershey Equities Journal

    GMAI gapped down huge (-13.9%). Volume exceeded dry up levels at 9:41 AM triggering an alert from my monitoring and charting software (Quotetracker). MACD: -.2057 Stoch: 10.3348 Price: $12.23 While it is true, Volume exceeded Dry Up (DU) prior to 11:00 AM, we do not take this trade...
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    Spydertrader's Jack Hershey Equities Journal

    I apologize for my confusion. Yes, I understand the question now. Thank-you for the clarification. Today's Hotlist contains only stocks that meet our selection criteria. We start with some 10,000 different companies narrowing the field to about 100 or so from the stocktables.com web site using...
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    Spydertrader's Jack Hershey Equities Journal

    In a previous post, I described the various methods used to calculate dry up volume. I seek to determine which method BEST calculates DU and correctly anticipates a breakout. I hope to reach a conclusion by the end of this year. All the stocks in the 'Watch List' are in one form of dry up or...
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    Spydertrader's Jack Hershey Equities Journal

    You arrive at the Hotlist stocks (today we have 5 - ESMC, PMTI, CRDN, ENWV and PETD) by first using the stocktables.com criteria. The resulting list (normally around 100 - we had 81 if I recall correctly) is used to produce 3 lists of ten stocks (from the top, middle and bottom of the...
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    Spydertrader's Jack Hershey Equities Journal

    For clarification purposes: FRV = 3 times Dry Up (DU) Volume. It is the First Rising Volume (FRV) that causes the price to break out. We use DU Volume by 11:00 AM as our indicator that FRV is LIKELY to occur - since stocks that hit their DU Volume by 11:00 AM NORMALLY reach FRV by end of day...
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    Spydertrader's Jack Hershey Equities Journal

    Dkm posts several important points that deserve discussion. The concepts of Dry Up Volume (DU), First Rising Volume (frv) and Peak Volume are continuing themes throughout the teachings of Jack Hershey. I have seen Jack define the three concepts as follows: du Volume: Lowest volume prior to...
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    Spydertrader's Jack Hershey Equities Journal

    When searching for stocks that have the appropriate number of cycles over a six month period, we use a daily chart. Jack teaches 'bulking' the charts through the clearstation.com web site as a method of 'eyeballing' the charts. I use Wealth-Lab Chart Scripts to perform the 'eyeballing' tasks for...
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    Spydertrader's Jack Hershey Equities Journal

    After reading through the extensive library of documentation provided by Jack Hershey first on Usenet and later on ET and MSN (two web sites), I noticed subtle differences in his methods. I arrived at the conclusion that his TC2000 formula based approach provided him superior results, but his...
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    Spydertrader's Jack Hershey Equities Journal

    Attached, please find an assessment sheet written by dkm. This may help you to calculate rank. On the MSN Web Sites listed in the second post and in the following thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=21354&highlight=hershey+equities+thread Jack Hershey provides...
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    Spydertrader's Jack Hershey Equities Journal

    Regarding the number of stocks currently trading on the Nasdaq Exchange: purely coincidental. There have been times NYSE traded stocks appear on the lists - although not as frequently. Jack Hershey's Methods seek to trade stocks that cycle five times in 6 months. These cycles should appear over...
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    Spydertrader's Jack Hershey Equities Journal

    Attached, please find a copy of my 'Final Universe' list for Monday, September 27, 2004. The watchlist below contains stocks in one form of DU Volume or another. I will watch these stocks to see if they reach FRV by 11:00 AM Monday. MACd and Stoch criteria also apply to signal a buy. IDSA...
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    Spydertrader's Jack Hershey Equities Journal

    For Monday, September 27, 2004 Here are my lists: Sevens ECSI GDP NIHD PETD RIO CFC DECK TNP BR UPL Ones CLE HDWR ARTI FTI LEND URBN JOSB CRDN CYTC INSP Zeros DRL BR ENWV TNP DECK UPL CREE CTSH ESMC PMTI Hotlist symbol score float...
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    Spydertrader's Jack Hershey Equities Journal

    The following describes my interpretation of the trading approach described by Jack Hershey on Usenet, several MSN Web Sites, and the EliteTrader.com web site. The contributions of Jack Hershey, Don Cameron, David Marshall, Nwbprop, Vorzo, JVBraun, inandlong, Max Gainz, Supahfly, and many others...
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