Over the last several posts, it appears as though some confusion still exists with respect to list creation. As a result, I thought I would post how I arrived at my lists for Wednesday (2005-11-08).
I began by heading to the Stocktables.com
web site and creating an initial sort as described in the
methods portion of the previous
Journal. I used
90 RSI and
80 EPS for my initial sort parameters. The resulting initial sort contained 129 stocks. After culling for float, positive EPS and Average Daily Volume parameters, I scanned the list using the Wealth-Lab Developer version of
Hershey Equities Rank SCAN v. 1.0.0. The scan resulted in the following stocks which meet the minimum five cycles over six months:
Hotlist
BOOM BTUI CKCM CMCO FORD GES GMXR KNDL NGPS PETS RNOW TIE VIVO VPHM
Since BTUI, PETS and RNOW from the Hotlist did not already have a place in the
Final Universe List, I added the three equities to the Final Universe List.
I then ran the entire Final Universe through the Wealth-Lab Developer version of
Hershey Equities Dry Up Volume Scan v. 1.0.0 in order to locate equities which currently find themselves "In Dry Up." The scan returned the following equities:
Dry Up Stocks
FORD NGPS TRGL
I plan to monitor the above stocks throughout the day tomorrow. Running each Final Universe stock manually through
Hershey Equities Rank v. 3.0.0 provides the volume numbers needed to trade the system, as well as, scores for each equity. You can also use the
Hershey Equities Score Scan v. 3.0.0 in order to focus on stocks with a score of zero or one.
I hope the above clears up some of the confusion indicated in the previous posts.
- Spydertrader
