Questions to Jack Hershey

Quote from DB_sezwhat:

Is the MACD and STOC calculating off of the degapped data or non-gapped data?
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degapping is required.

Also use the third leading indicator Stoch (5, 2, 3) and the signal is @ 50%.

Indicators of two line charts are determined by the relationship of the two lines.

In MACD you will notice two opposite words. A set of six relations results. The six relations follow an order of events.

I posted an attachment for the benefit of a thread that had not learned about indicators and are following a set of CW myths instead. As usual, this interesting thread was closed. LOL...
 
Quote from stasbz:

Jack, what do you mean by "camtasia"
"Also listen to the four games camtasia on the DOM"
http://www.elitetrader.com/vb/showthread.php?s=&postid=1417424&highlight=dom#post1417424
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camtasia is a trademarked name for a program that makes videos of your screen display.

Cam probably has something to do with the screen being looked at electronically.

The tasia part probalby is a way of explaining the breadth and dynamic that out does the competition.

So for years I prepped a series of twice a month presentations for anyone who wanted to come on a particular night of the week.

So people came to Tucson from around the country. A club in NC triangle rotated their members, for example. West coasters just came each time.

by makiing a powerpoint in advance and having a scanner connected to my computer, I could put up anything for discussion.

I prerecorded the market and played it in real time or faster.

We discussed the Depression and its beginning with the climax run in JUN/JUL 2006.

We always ran through the stocks from the Universe that were coming up for trades before the next meeting. The attendees rotated keeping the Universe.

Usually about 70 people showed. On alternate weeks they met in homes or truck stops, etc.... Sort of a movable feast. I would go to new trader's offices and help them set up and about 10 others would drop in. advanced people partnered with beginners.

before cantasia we used the video cameras on tripods at my acrbitectural studio. Then we made 10 1-hour deited down guides that a person could use to get going. I was on a twin DTM disk feeds at that time. Many many sets were copied. the camera could pick up the screens, we who talked, and the drawing board where we did pairs of offset charts in four colors to anticipate the turns using a regional and geometric sheet.

Om a FOMC day, we could do three 300 point segments where we nicknamed a 150 point move on the DJX.X "a Greenspan".

So I have a huge archive spanning about 50 some years.

A lot of that time I had 15 POA's to trade for others. And at one time I did four levels of seven sets of emails four times a day. Other people did the levels I just shipped the seven sets four times a day.

ET showed up at some point recently.

On one of the presentations, I dicussed the DOM and the games played there. Not too many books cover that subject.

I had staff transcribe the camtasias and I illustrated them with the powerpoint pics. A person maintained a distribution site for both the videos and the documents. Also there were warm up documents. Some are still mentioned in these times.
 
Quote from jack hershey:

degapping is required.

Also use the third leading indicator Stoch (5, 2, 3) and the signal is @ 50%.

Indicators of two line charts are determined by the relationship of the two lines.

In MACD you will notice two opposite words. A set of six relations results. The six relations follow an order of events.

I posted an attachment for the benefit of a thread that had not learned about indicators and are following a set of CW myths instead. As usual, this interesting thread was closed. LOL...
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Have at it.
 

Attachments

Quote from SK0:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3357414>

I am not sure the above is what you wanted me to do. I have already drilled into bar mutation of cases with the use of leaning PRV tool as well as other fine tools. So at Sub level, I may not be very good at identification of ftt but staying on the right side isn't too much of an issue for me in general. I just need to reason through why I should compound profits.
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The left charts are hold charts. you just keep making money.

The upper left is a sym and the next bar will advance you further in profits and lead to the end of the trend.

The two right side charts are showing why I asked people to do the mutations on the log. In each a trend has ended and profits were taken during the bar. the bar showing is one bar after the peak of volume which preceded making as much money as the market offered.

as a person discards making a rule set for trading, he turns to doing a routine and logging. The switch enables him to eek out the full offer of the market.

As a person takes the full offer he makes a given amount of money.

Compare various traders here.

Some run 5 contracts and make 6,000 dollars a month for covering expenses.

Look at the same person and think about if she were trading 50 contracts and making 60,000 dollars a month.

What is the difference? there is no work or trading difference, there is just a life style difference.

She can either keep the life style and trade 1/10th as often (2 days a month instead of 20 days a month, for example.

In this thread was posted the different "bottoms" of a trend for traders doing >50 contracts as compared to traders doing chicken feed. The money leads chicken feed.

This is a leading indicator of price. As the last two days passed I have posted at least 5 leading indicators of price. Big traders trade ahead of chicken feed traders. Do that too. Compound up to 50 contracts.

Then go to five 50 contract accounts. This would put you income at 300,000 a month. What you can do then is be helpful.

As compared to the first example rate of dong trades; I do more trades by a factor of 5 since I trade on a faster fractal than she does. This changes the numbers. It could show up as 300,000 every four days.

If you compound you work the same and make more money. this is a good reason.
 
Quote from Jack Nestle:

All this could cleared up in one day if Jack would make live calls for just one day. Chance of that happening, zero.
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I disagree. If Hershey made (successful) live calls that would only prove his skills to those who believed he can't trade. It would bring a larger following, but it would also attract the attention of the kind of traders he despises. It would provide very little help only to his most advanced followers, and none to the others.

Probably many remember his beginning of the year prediction for 2008: he was very accurate, but that neither changed his detractors' minds, nor helped much his beginner followers.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2187503#post2187503

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2187503>
 
Quote from Jack Nestle:

All this could cleared up in one day if Jack would make live calls for just one day. Chance of that happening, zero.
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If it was all cleared up, then what?
 
Your link is from late November 2008. Do you have a link to where it was supposedly posted in a more timely manner?

Jack's turning point of a lifetime prediction didn't work out very well:
http://www.elitetrader.com/vb/showthread.php?s=&postid=3046280&#post3046280
Quote from baro-san:

Probably many remember his beginning of the year prediction for 2008: he was very accurate, but that neither changed his detractors' minds, nor helped much his beginner followers.

http://www.elitetrader.com/vb/showthread.php?s=&postid=2187503#post2187503
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Quote from Trader666:

Your link is from late November 2008. Do you have a link to where it was supposedly posted in a more timely manner?

Jack's turning point of a lifetime prediction didn't work out very well:
http://www.elitetrader.com/vb/showthread.php?s=&postid=3046280&#post3046280
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Quote from cd23:

I annotated your chart and also noted the volume for 2008 as well.

I do not see your second leg as a possibility. I also feel the summer will be flat after two legs down (a small breather in between).

Absence of commercial paper being rolled and the annuals coming in with the appropriate mark to markets (or models in worst cases) will deepen the initial drop off out of the H&S.

The dominos started rolling about June 06. Superimpose housing sales, starts and inventory to see how the three graphs flow. Add in the credit card and employment conditions as the secondary industries shut down because they are no longer feeding housing. the financial sector which works on commissions has few sales alternatives for those no long working the turf.

The quant era also ended about the time the housing inventory started building. This is an "establishment" that took a quarter century to install and build. Dismantling it is going to be hazardous duty pay for a lot of brass. There will be no novelty in "securitization" for quite a while. On the otherhand all the hedgies are facing the same way and the investors do have to get paid out if and when they realize they are in a dead end situation. ceck out the top 100. It will be a continuing combo of write downs and sovereign capital coming in and taking over the reigns to manage the infusions. Congress screwed up on this one. They did oil correctly by defusing China and the port operations got caught in time but they blew it on sovereign capital.

Oh the fed debt. As the government runs out of takers (see recent auctions) turning over debt will lead to longer term debt packages and high frequency offerings.

By the time summer ends, it will be fairly clear that the election is up for grabs and no one will be taking office until after the end of the year. Uncertainty drives the markets down.

The last half of 2008 is where the present administration is going to pay a lot of dues. Iraq is going to be a lot more expensive to get out of and there is going to be a lot of increased continuing expenses for vets in many long term care requirements (including post trauma for unwounded, family therapy all over the place (See Ft Hood ramp up when it is announced) and care for all those involved in the evacuation).

Health care, education and SS are going to take a lot of heat as well. Ivy league endowments are going to have to play by the 501 (c) (3) rules starting sometime soon as well. Investing is going to be one tough cookie for them.
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<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1731791>
 
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