Spydertrader's Jack Hershey Equities Journal II

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Let me ask a slighty different question. Till now I've been trading using dryup and following the journal for the last year +.

I'm looking at buying stocks that are at the point of the cycle where they score a 7.

I have the following 4 stocks in that category tonight:

CKCM
ENG
LMS (4 20% and 1 19.1% per my #'s)
GROW

THey all have a BOP over .3, they all have the volume, float, EPS and RS requirements met.

My questions are twofold:

1. By default you are buying stocks in this scenario that were up the prior day In some cases these stocks were up quite a bit today.

Are there or should there be any limits, for instance you are looking for stocks that went up at least 1% but less than 2% or something similar.

2. I understand all the rules around buying dryup stocks (11am, Stochastics, etc.) Are there any additional rules to buying based on the cycle that you follow to trigger the purchase?

Also, it would be easy to create a scan that says show me all "7"s that were "0s" within the last 2 days or something similar. Do you see any value in a more complex scan like this?

Mike
 
Quote from mlsignups:

1. By default you are buying stocks in this scenario that were up the prior day? In some cases these stocks were up quite a bit today.
More...

If you choose to buy stocks after they have already moved the entire first day range, then you'll want to adjust your stops accordingly. I recommend using Jack's 'Stop Offset' Method and using channels to determine entry and exits.

Quote from mlsignups:

Are there or should there be any limits, for instance you are looking for stocks that went up at least 1% but less than 2% or something similar?
More...

Jack monitors gappers and gainers of 5% and 10% in his daily scans. Again, determining where, in the long term channel, price finds itself can determine for you how much additional upside exists. Jack recently posted an explanation of how to trade using multiple streams of capital. Review his post for a lesson on how to determine an appropriate entry using your methods.

Quote from mlsignups:

2. I understand all the rules around buying dryup stocks (11am, Stochastics, etc.) Are there any additional rules to buying based on the cycle that you follow to trigger the purchase?
More...

Much of the background information (especially 'The Big Post: I -X' and the MSN documents) contain excerpts of Jack describing how he entered into a trade and why. I recommend a review of this material in order to gain a complete understanding of the goal you now attempt to reach. According to Jack, we look for a change in the pace in which volume accumulates in an effort to enter into a trade just prior to a volume and price breakout. Additional clues as to when such opportunity presents itself appear from time to time while watching the market. Jack suggests practicing wash trade drills in an effort to train oneself to notice these clues.

Quote from mlsignups:

Also, it would be easy to create a scan that says show me all "7"s that were "0s" within the last 2 days or something similar. Do you see any value in a more complex scan like this?
More...

Odelys created a few scans to test out this theory in the Original Journal. You might take a look at his work (he tried several variations) to set you on the correct path.

I hope you find the above information useful.

- Spydertrader
 
Entered into a long position with BOOM at 10:02 EST this morning when actual volume exceeded calculated Low Band Dry Up Volume. Basis: $35.59 per share.

- Spydertrader
 
Quote from Spydertrader:

Entered into a long position with BOOM at 10:02 EST this morning when actual volume exceeded calculated Low Band Dry Up Volume. Basis: $35.59 per share.
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I need to head out to run a few errands. As a result, I sold all shares of BOOM at the $37.53 USD price point. Nice quick profit to end the week.

- Spydertrader
 
Quote from martys:

The attachment includes the java source and the jar file for SpyderFilter v 1.0. It is a Java command line utility which means you have to go to Start menu ->Run and type cmd to get a command prompt. For XP command prompt, there is a Mark/Paste option under edit menu
if you click the tiny C:\ icon at your upper left hand side of the command prompt. You might want to use it to cut and paste stock list.


1) You need to install Java Runtime Environment if you don't already have it:

http://java.com/en/download/index.jsp

2) To run the Java jar file:

java -jar SpyderFilter.jar

I just want something to work. I did not really streamline the code so it would go out to the web multiple times to fetch the data. That's why it is a little slow.

3) Enter the stock symbols either on the same line or separate lines. Doesn't matter. BUT YOU HAVE TO HIT ENTER AGAIN TO TERMINATE THE INPUTS!!!

Here is a sample run output:

C:\>java -jar SpyderFilter.jar

SpyderFilter version 1.0 by martys (c) 2005

Enter Symbols [empty line to terminate input]:
ibm
kndl ford

Stock data:
1) ibm float=1569700000 EPS=0.94 avgVol=5607480 failed
2) kndl float=11200000 EPS=0.24 avgVol=259700 PASSED
3) ford float=6800000 EPS=0.33 avgVol=747627 PASSED


Filtered results:

kndl ford
More...

Mine says

Could not create the Java virtual machine....

What does that mean?
 
Quote from oddiduro:

Mine says

Could not create the Java virtual machine....

What does that mean?
More...

Try opening up a command window and typing java and a return. If java is properly installed, you should get this type of result:
Microsoft Windows XP [Version 5.1.2600]
(C) Copyright 1985-2001 Microsoft Corp.

C:\Documents and Settings\Doug>java -jar spyderfilter.jar
Unable to access jarfile spyderfilter.jar

C:\Documents and Settings\Doug>java
Usage: java [-options] class [args...]
(to execute a class)
or java [-options] -jar jarfile [args...]
(to execute a jar file)

where options include:
-client to select the "client" VM
-server to select the "server" VM
-hotspot is a synonym for the "client" VM [deprecated]
The default VM is client.

-cp <class search path of directories and zip/jar files>
-classpath <class search path of directories and zip/jar files>
A ; separated list of directories, JAR archives,
and ZIP archives to search for class files.
-D<name>=<value>
set a system property
-verbose[:class|gc|jni]
enable verbose output
-version print product version and exit
-version:<value>
require the specified version to run
-showversion print product version and continue
-jre-restrict-search | -jre-no-restrict-search
include/exclude user private JREs in the version search
-? -help print this help message
-X print help on non-standard options
-ea[:<packagename>...|:<classname>]
-enableassertions[:<packagename>...|:<classname>]
enable assertions
-da[:<packagename>...|:<classname>]
-disableassertions[:<packagename>...|:<classname>]
disable assertions
-esa | -enablesystemassertions
enable system assertions
-dsa | -disablesystemassertions
disable system assertions
-agentlib:<libname>[=<options>]
load native agent library <libname>, e.g. -agentlib:hprof
see also, -agentlib:jdwp=help and -agentlib:hprof=help
-agentpath:<pathname>[=<options>]
load native agent library by full pathname
-javaagent:<jarpath>[=<options>]
load Java programming language agent, see java.lang.instrument


"

If not, try installing the latest java code again.

Doug
 
long ckcm at 28, based on pro rata volume.

did i read rightly somewhere that jack doesn't exit the stock on the same day he enters?

if that's true, what does he do with a stock that doesn't achieve DU or FRV by the appropriated time (using pro rata measurements).
 
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