Spydertrader's Jack Hershey Equities Journal II

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The most subjective aspect of drawing trendlines is determining where the trend is. I agree with cnms2's analysis since we're looking for shorter term trends. The lines you drew, matt, were for a higher time frame trend.

Remember that the Hershey time frame is where you're looking for a trade duration of a week or less.
 
Thanks everyone for your insightful comments.

ASPV appears to have broken out of its channel today on report of its Q1 results. I'm hesitant to buy it because it has already advanced 5.6% on this news, and I'm not sure if it will "run out of gas." I hope it proves profitable for anyone who decided to purchase it.
 
Went long ASPV $31.56

Still long PWEI, today is day #4 - last day of time stop.

CKCM signalled, but I'm avoiding it due to the big gap opening.
 
Using the Unusual Volume Sheet (posted by Jack and reconfigured by cnms2) provided some excellent entry signals today. ASPV, ATHR and later BTUI all followed the same pattern - triggering a buy when actual volume exceeded the Unusual Volume Threshold in a given time frame. Of course, such a signal also requires a positive price (compared to previous day). Qcharts (and Quotetracker) users have this indicator available in the quotesheet (Vol % in Quotetracker). I haven't followed the sheet yet for exiting criteria, but plan to study it further.

- Spydertrader
 
Still in PWEI. I moved my stop up tight this morning. Looking for it to perform this afternoon into tomorrow. Plus, if cash presents itself, there are a bunch of stocks breaking out for today and probably into tomorrow.
 
For those of you who entered ASPV today, peak volume was reached today as well. The rules say to exit within the first 15 to 30 minutes the morning after peak volume is reached.

I'm holding overnight and probably selling the morning pop tomorrow.
 
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