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The Latest Version of our Hershey Chartscript, seeks the lowest volume occurring within a given cycle. The chartscript calculates this low volume bar for each cycle of 20% occurring with an individual equity. In order to calculate the mean, the Chartscript adds the low volume within each cycle...

As you progress further along in the Journal, you will find we currently use the method you describe above for Dry Up Volume Range calculation. We use three standard deviations from the mean for the high and low range. So far, this method has continued to provide profitable results. -...

2005-05-24, Tuesday - Update This morning I monitored one list of stocks (6 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up." Dry Up Stocks BCSI DCAI EXM EZPW MCRI TASR Our system generated two possible trade...

http://www.earnings.com/company.asp?ticker=SIGM&coid=110380&client=cb According to the above URL, SIGM announces earnings tomorrow at 5:00 PM Eastern Time. Jack Hershey has often advised not holding positions in equities during times of earnings release. As a result, I plan to sell all shares...

2005-05-24, Tuesday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List DCAI ELOS FORD JUPM MCRI PARL USG Dry Up Stocks BCSI DCAI EXM EZPW MCRI TASR Hot List Stocks Scores DCAI - 4 ELOS -...

2005-05-23, Monday - SNDA & SIGM Update Actual volume for SNDA failed to exceed FRV levels by EOD (in fact it never really came close). As a result, I sold all shares of SNDA at $33.42 USD for a wash. 05/23/05 15:20:39 33.42 33.42 33.45 500 However, actual volume for SIGM did exceed...

2005-05-25, Monday - Update This morning I monitored one list of stocks (8 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up." Dry Up Stocks BCSI DCAI EXM EZPW MCRI SIGM SNDA UBET Our system generated five possible...

2005-05-23, Monday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List DCAI ELOS FORD JUPM MCRI MFLX PARL USG Dry Up Stocks BCSI DCAI EXM EZPW MCRI SIGM SNDA UBET Hot List Stocks Scores...

The scoring Code Odelys uses for his Testing Script compares Price, Volume and Accumulation / Distribution (A/D) between one bar and the previous bar. It remains the fundamental scoring code used in all The Hershey Chartscripts. Unfortunately, the tools available through Wealth-Lab to correctly...

Since its inception, I have always welcomed contributions to this Journal by all interested parties. Many individuals have shared their efforts and offered their contributions as is evident on the many pages contained here including as recently as today. The contributions made by you however...

Now that you have finished editing your post, let's apply your advice to another recent trade "clearly in a downtrend." <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=752613> While your recommendation may provide your own trading with an added degree of profitability, I...

You do realize the above advice prevents me from taking the recent ELOS trade. Should I give the money back?:D - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=752597>

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2005-05-20, Friday - Update Our system triggered one possible signal today when actual volume for EXM exceeded calculated Low Band Dry Up Volume at 10:41 AM. While we did see price improvement at time of signal generation, and MACD fell within desired parameters, The stochastic Indicator...

http://help.yahoo.com/help/us/fin/quote/quote-12.html#adj Hope that helps. - Spydertrader

[/b] You make some valid points. However to be fair, we need to keep in mind Odelys tested his script against equities falling outside our desired parameters (EPS & RS Rank, Float, etc.). - Spydertrader

Excellent work with respect to your PVAD testing script, and I appreciate you sharing your efforts. While your script shows profitable trades during the testing period, we must remain mindful of Wealth-Lab's limitations. We have no way of knowing if a certain equity would have made our list at...

System Glossary For Tomorrow's Newspaper Today Recommended Reading.

2005-05-20, Friday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List DCAI ELOS FORD JUPM MCRI MFLX PARL USG Dry Up Stocks EXM EZPW MCRI SNDA Hot List Stocks Scores DCAI - 7 ELOS - 2...

The Wealth-Lab web site chartscript uses EOD data. The rank and score attributed to SYNA uses data ending 05/18/2005. I ran through the process early this afternoon. I suspect you may find SYNA fails to cycle 5 times in six months if you run the same scan again after Wealth-Lab compiles data for...