Spydertrader's Jack Hershey Equities Journal II

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You may want to be very careful about specifying a stock going into dry-up this week. After all, the week before Labor day holiday is always the lowest or second lowest volume week of the year.

Just something to be aware of.
 
Quote from elcap73:

You may want to be very careful about specifying a stock going into dry-up this week. After all, the week before Labor day holiday is always the lowest or second lowest volume week of the year.
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Very good advice. Volume levels have dropped to extraordinary low levels creating an environment similar to what we see around the U.S. Thanksgiving Holiday. Exercising caution remains an excellent course of action at this time.

- Spydertrader
 
Right on.. spoken with clint eastwood voice, " I tried to climb el cap twice and it tried to kill me twice..."

You cat's climb?

In Spytrading/hershey news.... methinks daytrading these methods in a correction or a possible correction is the way to go.

Has anyone made a 10% trade since may? Maybe i missed it.

Cool. thanks to everyone.
john
 
Quote from ikkyu:

Right on.. spoken with clint eastwood voice, " I tried to climb el cap twice and it tried to kill me twice..."

You cat's climb?
More...

LOL, I used to climb back when I was young and single. Never El Cap, though. Strictly East Coast.
 
FTEK looked primising. It appears to be a nice cup with handle. Showed unusual volume, but there must have been some distribution.

another day perhaps...

cheers,
john

P.s. feeling the pain of the time difference. Living in Japan is rough! Europe is the best for trading imho.

adios
 
Thanks for the FOMC minutes Spydertrader !!

All of us here sure appreciate all the help and info we can get.

FYI. I successfully traded ASPV today. Got it early on after today's open.

Indicators and channel looked just great.

I almost sold it at today's close since volume was starting to inch up to FRV of 360,000 shs.

Latest volume I noted including after hours trade was 352,300 shs.

I held on.. glad I did since it piled on +.25 in after hours.

Days gain was a nice +$1.65

Regards to you and all the other talented Jack Hershey traders on this great forum.

May we all continue to prosper.

Ron in Tucson

PS: Jack has continued to update his new forum <<SCT>> - Seamless Continuous Trading - forum with more data and image files.

Jack's forum can be found at:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=75715&perpage=6&pagenumber=13
 
Did anyone catch FTEK today?
I was watching it in the morning, but there it apeared to be a false breakout.
Just now I had a look at the stocks from today and saw, that FTEK picked up on volume in the afternoon and even reached FRV today :eek:
Well, I guess I missed out on that one.
 
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