Spydertrader's Jack Hershey Equities Journal II

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Signals on BTUI at 14.08 and BNT at 10.25. Would've taken the trades except it appears that I have been classified as a menace to society (Pattern Day Trader) and need my IB account reset.

FTEK looks close to triggering, as does MEK and REDF
 
I liked TSCM and BTUI but the LBDU signals came at 1100 which seemed a little late in the day for me. Plus, price action didn't really go anywhere from there.

Also, the volumes based on the "unusual volume" spreadsheet were lagging as well. They should have been at around 37% but were only around 28%.

No action on either.
 
I dumped all my shares of ATHR just before the close when I watched HUGE (27,000 shares) size move in on the Ask. I had planned to hold until the morning to sell based on the no FRV rule, but changed my mind at the last minute when noticing such a large number of shares wanting to get out of that stock.

I can always jump back in tomorrow if need be.

- Spydertrader
 
Quote from stevegee58:

I'd be careful of GIGM seeing as how it's not really showing a volume breakout. Granted it's showing good price improvement, but maybe a short leash would be in order.

Thanks for the heads up. It is only a 100 shares, easy to dump if things start to turn.
 
Dry up for today

BBC, CKCM, CNTF, CTHR, CTRN, ENG, FTEK, IVAC, MGPI, NGS, SFCC, TASR, TSCM,

FTEK is not in dry up, but the price didn't move too much yesterday after getting a signal and I couldn't take the trade because of a locked account. I like the look of the daily chart, so I'll leave it in and perhaps my script will pick it up.

BBC is not technically in dry up either, but the volume is almost identical to the previous day (which was dry up) and so I tend to leave stocks like this in, i.e. where the volume is almost the same as the previous day that was a dry up.
 
Quote from bigmoose:

A couple of folks PM'd me and asked for my summary compilation of Jack Hershey Methods. It is a work in progress, and was meant as my notes, so no credit is given on who said what, like a proper compilation would be. It also has about 10% content that is not Jack Hershey, but might help new traders. I stuck it on my kid's server here:
www.mtggraphics.com/temp/BigMooseHersheySummaryV5.doc
If it is helpful I will leave it up, if not I'll remove it. Word document, about 500K.

Regards,
BigMoose

Good job,

Show dedication, which I am quite sure is paying off for you.

Best Regards
Oddi
 
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