Spyder. Thanks. Iam not new to market but new to this thread and new to Hersheys methods. Been following you guys and have read much that you and Hershey have written. I understand the basics, but some details in question.
Can you steer me to a post where specifics of scoring in Hershey's original 0-7 scale are posted? I understand the scale and the basics, but specifically with A/D, as used by Hershey, i have questions. First, Is that the daily advance/decline line of the market he's talking about? If so, How far from the zero line does one go before scoring a 1 bit or a zero bit from previous score, or perhaps is that left as an open question? What tolerances do you place on volume. Equal volume to two significant figures perhaps?
And most importantly, I am playing mostly to the short side at present. It would seem that one should be looking for a score of 4 for good shorting opportunity and cover at 0 or 7. Is that right? Or is there nothing yet on shorting here to read?
It's rather obvious that starting with dry-up few if any stocks hit every score in the J.H. 0-7 sequence without score repeats and retracing before going on.
Thanks again for your posts. Very interesting! Please keep up the posts, I am learning much from you guys.