I think he had them drawn correctly the chart he posted just didn't reach far enough back to see point 1 and the high hit the upper trendline on 10/16 making it look like point 3.
Would be interested to see the IT trendlines you guys had for ININ. I have what I would consider a LT trendline from around June 13th. Is this what you're referring to?
I also like ININ. On the 30min chart it's progressing through the channel nicely and although not part of the hershey methodology, it formed a cup & handle pattern the last 2 days.
I'm a little confused, is GROw announcing earnings today or not? I'm holding shares still and don't really see any reason to sell based on volume still increasing w/ price, but if they're announcing earnings then I'll have to reconsider.
DRQ last price $80.23 which is obviously above $50, but if it meets all the other criteria I'm not sure why the price being above $50 would really matter although I don't doubt there is some reason.
Are you still taking short positions based on the stock being in dry up previous day, exceeding LBDU by 11am Stoch(14,1,3) < 20 and MACD < 0 at time of signal?
I like CTRN tomorrow as a potential Bruno-R setup. It's at the bottom of its channel, has been consolidating the last 3 days, MACD is diverging and it reached potential support from last Nov.
Any thoughts?
The culling parameter check should be functional now as well. Let me know if there are any problems with it or any additional ideas you guys have.
http://www.thercproject.com/hershey/funcs.asp
I'll look into adding other data sources and giving the option of importing a final universe from a common source as well.
I added a button that retrieves the 65 day avg. vol. from Yahoo historical quotes using the actual last 65 days of trading volume so it is an up to date accurate number.