Spydertrader's Jack Hershey Equities Journal

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Our system signaled for a third time today as volume for LWAY reached FRV status this afternoon. While we did see price improvement over the previous day, and both our indicators (MACD & Stochastics) held within normal parameters, LWAY has an extremely low average daily volume (34,000). As DKM pointed out in an earlier post, thinly traded stocks often have very large spreads resulting in excess slippage. Since the average daily volume for LWAY remains significantly lower than our rules allow, we take no action in regards to LWAY.

- Spydertrader
 
Quote from nwbprop:


In terms of HANS, the big volume was the down cycle of the long trend. What then ensued was Dry Up at the right side of the channel and then an up cycle of the trend after the DU went into FRV.
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Looks like HANS is outperfroming my left side channel.
 

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Quote from nwbprop:

I was going to enter this stock but decided to pass based on the large gap. Oh well, next. I have attached my chart with what I consider the channels for this stock.
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I like YOUR channels much better than mine. I need to practice a bit more to improve my technique with drawing trendlines. After seeing your chart, I wished I hadn't exited. But, I cannot complain about a profit. As you say, "Oh well, NEXT!" Interesting thing on SINA right now: Volume increasing, price increasing, but MACD continues to fall.

Thanks for posting your charts. I always learn a thing or two from how you draw your trendlines. Your contributions continue to be appreciated.

- Spydertrader
 
Gotta love this stuff... Did a lot of cleaning up of the code. Threw out the timely generation of graphs and cycle information. If anyone still wants that feature, you will have to use any version prior to this one. My personal recommendation is to use Spyder's wealth lab script. It is proven to be successful.

For this release, I would urge you to pay particular attention to the "EYEBALLA" sheet (dry humor). I've spent many weeks fine tuning and getting comfortable with the definitions and the calculus vocabulary I'm sure many passover as jargon/gibberish. Much of what you see there are key flags. Isolate and study them. Throw in GOOG for today and Nwbprop's choice for HANS & ALDN into the "EYEBALLA" sheet; Row 1, column W, and press the test button, found in cell AA. Granted, GOOG is not in our universe, but it's sequencing (synonymous for anticipation) is undeniably TEXTBOOK! I strongly urge everyone to get familiar.

I know this will help,

NJOY & Regards,
G33M4K the Newb
 

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Quote from Spydertrader:

I like YOUR channels much better than mine. I need to practice a bit more to improve my technique with drawing trendlines. After seeing your chart, I wished I hadn't exited. But, I cannot complain about a profit. As you say, "Oh well, NEXT!" Interesting thing on SINA right now: Volume increasing, price increasing, but MACD continues to fall.

Thanks for posting your charts. I always learn a thing or two from how you draw your trendlines. Your contributions continue to be appreciated.

- Spydertrader
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This is one the characteristics of MACD: During strong trends, the crossover implies slowing rate of trend. It does not necessarily signal reversal. I have seen this many times in the futures markets.

You could check the slope of the signal line by calculating its linear regression value. If the slope of the LR is headed down, then you are due for a reversal. If it is sideways, then the trend is just slowing and not reversing. Check out the attached 30 Min chart of SINA.

Keep up the MAGNIFICENT WORK!!!!
 

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Arggggh, ignore my previous post. I need ed to calculate the linear regression slope and not just the linear regression!

I have to investigate this further as the data does not show anything meaningul in regards to what crossover MACD signal to take and which to ignore.

Regards
 
Quote from svrz:


Keep up the MAGNIFICENT WORK!!!!
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Thanks YOU very much for sharing your Wealth Lab knowledge, and I appreciate your contributions as well. I look forward to seeing what you develop with the linear regression slope.

- Spydertrader
 
Sevens - Ones - Zeros
ALDN - JCOM - SEAC
SFCC - NAVR - CRDN
HANS - DECK - JUPM
ASVI - CREE - VCLK
GDP - SHFL - TIBX
MTEX - PMTI - DRIV
SINA - EAGL - EWBC
BAMM - FFIV - TKC
UTHR - CTSH - KSWS
MSA - LSCP - YHOO

Hot List

HANS
FFIV
ALDN
JUPM
GDP
NAVR
PMTI
SINA
BAMM
MSA

Watch List

IDSA - DU Cycle
BCSI - DU Cycle - DU5 - Du10
HRT - DU Cycle - DU5 - Du10
ESMC - DU Cycle - DU5 - Du10 - DU20
ANIK - DU Cycle - DU5 - Du10
FFIV - DU Cycle
EVCI - DU Cycle - DU5
NAVR - DU Cycle - DU5
ENWV - DU Cycle
SMTS - DU Cycle - DU5
PETD - DU Cycle
LSCP - DU Cycle

SRVZ Wealth Lab Equations - Dry Up

BCSI
ECSI
PETD

G33M4K Scores for Above Stocks

BCSI - 3
ECSI - 5
PETD - 0

Gallas2 "Keep an Eye on These" Stock

ESMC (attached)

(VSEC, NVEC, NGPS, IDSA, HRT & LWAY have float outside normal parameters)
 

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