The only wary thing i c is that volume yesterday did not reach frv in my books. Hopefully, we get that volume today. Otherwise, I would be careful.
Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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The only wary thing i c is that volume yesterday did not reach frv in my books. Hopefully, we get that volume today. Otherwise, I would be careful.
Looks like your analysis of ENER is spot on for a BO in a few days given todays DU day. I will join the herd when the volume kicks in. Still looks like a great trade though.
Although I expected some profit taking to occur this morning, I did not expect to see such a large, red down candle at the open. To be honest, my plan for today included buying on the pullback. However, after witnessing such a drastic move south, I decided to hold onto the original 200 shares instead of adding on. I expect some additional selling this afternoon as people start to head out for the three day weekend. After watching ENER all day, it doesn't appear (to me at least) the big boys are playing right now. I'd still like to add on some shares, but I'd rather do so as price breaks out a second time.
- Spydertrader
Still holding my ENER shares. Strong volume and price improvement into the close bodes well for Monday. Enjoy the Long Weekend everybody.
- Spydertrader
- Spydertrader
Charting can be fun sometimes... is this move on TIE sustainable? <b>DAILY CHART</b> - Click to get a full picture
<a href="http://www.elitetrader.com/vb/attachment.php?s=&postid=1038800" target=_new><img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1038800" target=_new height=300 width=300></img></a>
<b>WEEKLY CHART</b>
<a href="http://www.elitetrader.com/vb/attachment.php?s=&postid=1038802" target=_new><img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1038802" target=_new height=300 width=300></img></a>
TIE -IS THE MOVE SUSTAINABLE?
Nobody knows if the move is sustainable.
I noticed that high quality stocks that are in a very strong, continuous uptrend exhibit a "dampened" volume response to keep the trend in motion. Uptrending stocks like TIE are difficult to trade based on DU and all of the other Volume parameters that the Hershey system uses.
In reading Hershey materials, I recall that he categorizes charts and bases some of his parameters on the chart patterns.
Just my 2 cents worth.
Nobody knows if the move is sustainable.
I noticed that high quality stocks that are in a very strong, continuous uptrend exhibit a "dampened" volume response to keep the trend in motion. Uptrending stocks like TIE are difficult to trade based on DU and all of the other Volume parameters that the Hershey system uses.
In reading Hershey materials, I recall that he categorizes charts and bases some of his parameters on the chart patterns.
Just my 2 cents worth.
Man, for Monday 17-Apr, 19 out of the 41 final universe stocks are in dry-up.
It's gonna be very busy on Monday.
It's gonna be very busy on Monday.
Part 2 TIE - Here's a little more detail than my last post. Tie has been a decent Hershey Stock but a better buy and hold stock... ignoring the money velocity thing for now. If anyone has different
Hershey trades please let me know. I am in the process of testing my scripts.
Hershey Trades - Symbol TIE
03-JAN-06 1030 $In: 32.62 03-JAN-06 1600 $Out: 34.67 % Pft: 6.3
04-JAN-06 1100 $In: 35.19 11-JAN-06 1000 $Out: 37.12 % Pft: 5.5
17-JAN-06 1000 $In: 36.47 17-JAN-06 1600 $Out: 36.66 % Pft: .5
25-JAN-06 1130 $In: 37.25 25-JAN-06 1530 $Out: 36.13 % Pft: -3
27-JAN-06 1000 $In: 38.72 02-FEB-06 1130 $Out: 37.3 % Pft: -3.7
06-FEB-06 1100 $In: 38.58 06-FEB-06 1600 $Out: 39.47 % Pft: 2.3
02-MAR-06 1130 $In: 43.33 02-MAR-06 1600 $Out: 43.25 % Pft: -.2
03-MAR-06 1030 $In: 44.14 03-MAR-06 1600 $Out: 43.48 % Pft: -1.5
10-MAR-06 1100 $In: 41.63 10-MAR-06 1600 $Out: 41.7 % Pft: .2
17-MAR-06 1030 $In: 43.59 17-MAR-06 1100 $Out: 42.6 % Pft: -2.3
27-MAR-06 1000 $In: 45.3 30-MAR-06 1000 $Out: 51.54 % Pft: 13.8
3-jan-06 $64.24 *31-mar-06 $99.06 *adjusted for 2:1 split
Total Percent profit
Buy (3-jan-06) & Sell(31-mar-06) 54 %
Hershey Method 17.9 %
Hershey trades please let me know. I am in the process of testing my scripts.
Hershey Trades - Symbol TIE
03-JAN-06 1030 $In: 32.62 03-JAN-06 1600 $Out: 34.67 % Pft: 6.3
04-JAN-06 1100 $In: 35.19 11-JAN-06 1000 $Out: 37.12 % Pft: 5.5
17-JAN-06 1000 $In: 36.47 17-JAN-06 1600 $Out: 36.66 % Pft: .5
25-JAN-06 1130 $In: 37.25 25-JAN-06 1530 $Out: 36.13 % Pft: -3
27-JAN-06 1000 $In: 38.72 02-FEB-06 1130 $Out: 37.3 % Pft: -3.7
06-FEB-06 1100 $In: 38.58 06-FEB-06 1600 $Out: 39.47 % Pft: 2.3
02-MAR-06 1130 $In: 43.33 02-MAR-06 1600 $Out: 43.25 % Pft: -.2
03-MAR-06 1030 $In: 44.14 03-MAR-06 1600 $Out: 43.48 % Pft: -1.5
10-MAR-06 1100 $In: 41.63 10-MAR-06 1600 $Out: 41.7 % Pft: .2
17-MAR-06 1030 $In: 43.59 17-MAR-06 1100 $Out: 42.6 % Pft: -2.3
27-MAR-06 1000 $In: 45.3 30-MAR-06 1000 $Out: 51.54 % Pft: 13.8
3-jan-06 $64.24 *31-mar-06 $99.06 *adjusted for 2:1 split
Total Percent profit
Buy (3-jan-06) & Sell(31-mar-06) 54 %
Hershey Method 17.9 %
Admittedly, I have additional tests to run on this iteration of a Jack's 'Bruno R' Set up, but see the attached trade log. I also plan to 'tweak' a few of the added parameters which may result in significantly different returns.
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1039563>
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1039563>
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