Spydertrader's Jack Hershey Equities Journal II

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Quote from RXT:

I just finished reading through the journals and somewhere in Journal II it was pointed out the looking at the channels will increase profitability.
I think someone has analyzed spydertraders trades and found out that a fair amount of his profitable trades happened when the price was near the bottom of his channel (and therefore had enough space to rise) and on the other side a lot of his misstrades happende when the price was near the top of it's channel.

So yes, also in my opinion there is quite a big discretionary component in this method (at least if you want to make good profits).
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RXT,

I recall that analysis of Spyder's trades... thanks for reminding me of it.

After you earlier post, I looked at COGO's chart again and noticed the channel you were talking about - the resistance you mentioned is obvious.

The attached chart has my original channels in black, and your channel in red.

Cheers.
 

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Quite a gap there.
Whats the rule on gaps?
% wise ?

I removed IPSU from my masterlist because of negative earnings EPS as indicated using the lookup utility and checking culling params.
Volume also < 200k

But great play!!
 
There was no gap that I'm aware of for IPSU today.

Volume, EPS and the other culling factors are used for a stock gaining initial entry into the Final Universe (plus having Hershey rank). Once a stock is in the Final Universe, the only thing that knocks it out is loss of Rank using the Wealth-Lab "Hershey Equity Rank" script.

IPSU still has rank, so it's still a goodie.
 
Aiee. Man something happened at 2:45 and the price dropped like $1 in 5 minutes.

I've pushed the stop to BE just in case. I was going to probably be out of this by end of day because the volume isn't looking like it'll reach FRV anyway.

*later*

Out at breakeven. What a pisser. Once again I gave away a nice MFE.
 
hi guys. i'm new to the Jack Hershey's and Spydertrader trading method. At the moment i'm going over spyder's first journal... i'm at the very beginning, but thus far i have made the 3 short lists... each containing 10 stocks. the problem is the link

http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/viewfamily?family=Jack Hershey Equities Method

doesn't give me any ranks. i think it's because it's the old version 1... however, even picking the newest program .. version 4.0.0.... doesn't give me the right info... with version 4, i see the rank and score on the chart now.... but all the ranks are NONE. for some reason... plz help
 
Gettting an error message when running the Earnings Date Lookup Utility

msxm13.dll error '80072ee7'

The server name or address could not be resolved

/hershey/funcs.asp, line 138

That message appeared when running the "Lookup earnings date"
Check culling params ran fine.
 
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