Hello everyone. After reviewing the many posts submitted to the Journal in my absence, I notice that many of the questions received excellent responses. The detail provided clearly indicates an extensive knowledge of The Hershey Equities System obtained from significant reading of the background material. I appreciate the efforts made by all. As a result, I have chosen only a few of the questions to respond to. Should anyone still have additional questions, feel free to post them.
I cannot speak as to what the use of the above mentioned equations tells you, but your results tell me you have been using the SRVZ Equations. These equations, developed by SRVZ, mimic Jack's old equations used in a really old version of TC2000. I stopped posting the results of these scans some time ago. These 'SRVZ Equations are not the equations to which I referred you in a previous answer. Of course you remain free to continue using them if you wish, but I don't believe SRVZ even uses them anymore. As a result, I have stopped using the 'SRVZ Equations,' and have discontinued posting the results.
When I post a specific time, I refer to Eastern Time. When using the "Dry Up Volume Range" Method (I currently post the results of this methodology daily), you may use any form of Dry Up Volume best suited to your trading style. I post the results using "Low Band" Dry Up from the Latest Hershey Chartscript posted on the Wealth-Lab.com web site. A possible trade signal occurs when actual volume exceeds the "Low Band" Dry Up Volume level prior to 11:30 AM. You may also use Average Dry Up Volume by 11:30 AM, or any Pro-rata form of Dry Up best suited to your needs - 25% by 10:00 AM, 50% by 10:30 AM, or 75% by 11:00 AM.
hpeganz correctly describes the process I have used for removing stocks from our Final Universe List. Stocks that lose their rank often regain their rank in short order. As a result, I have only 'removed' stocks for failure to achieve rank at month's end. Tenured stocks (equities we have purchased previously and traded profitably in the past) can be kept regardless of rule violation. Jack Hershey often broke all rules when it came to his list of tenured stocks. You do not even need to keep a list of tenured stocks if such a thing suites you. Currently, we have several stocks that have lost their rank during the last week. If you decided to remove these stocks immediately upon rank failure, the world as we know it would not come to an immediate end.
When you receive a volume signal, you check price, MACD and Stochastics immediately. If all three fall within desired parameters, you take the trade. If not, you take no action, and continue to monitor your list of stocks.
As smtrader correctly observes, Jack Hershey has suggested avoiding trading stocks where a signal occurs due to 'large block trades.' I completely agree with Jack's assessment. As a result, I disregard any signal resulting from a large block trade - irrespective of Price Improvement, MACD or Stochastics. OF course, Your Mileage May Vary.
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The Jack Hershey Equities Method has many iterations. Several individuals trade a variety of methods all with the same underlying Hershey Premise - trade stocks with the highest money velocity at a point in time where we minimize risk. We have often discussed the evolution of the various methodologies in this thread. The methods employed by Ross differ from those used by Gallas2, and smtrader has explained how his methods differ from my own. Numerous additional examples also exist. Each individual trader employs the techniques and strategies best suited to their own trading style, and each has achieved a certain level of profitability. No "one true method" exists. Over time, this "collaborative iterative refinement" process has produced significant changes to my own trading style, and as a result, improved my profitability. I encourage the testing and analysis of all methods discussed in order to determine the best course of action. However, regardless of the style, method, or risk used, I strongly encourage multiple readings of the background material posted earlier in the thread.
As always, I continue to welcome comments, questions and any input.
- Spydertrader
I cannot speak as to what the use of the above mentioned equations tells you, but your results tell me you have been using the SRVZ Equations. These equations, developed by SRVZ, mimic Jack's old equations used in a really old version of TC2000. I stopped posting the results of these scans some time ago. These 'SRVZ Equations are not the equations to which I referred you in a previous answer. Of course you remain free to continue using them if you wish, but I don't believe SRVZ even uses them anymore. As a result, I have stopped using the 'SRVZ Equations,' and have discontinued posting the results.
When I post a specific time, I refer to Eastern Time. When using the "Dry Up Volume Range" Method (I currently post the results of this methodology daily), you may use any form of Dry Up Volume best suited to your trading style. I post the results using "Low Band" Dry Up from the Latest Hershey Chartscript posted on the Wealth-Lab.com web site. A possible trade signal occurs when actual volume exceeds the "Low Band" Dry Up Volume level prior to 11:30 AM. You may also use Average Dry Up Volume by 11:30 AM, or any Pro-rata form of Dry Up best suited to your needs - 25% by 10:00 AM, 50% by 10:30 AM, or 75% by 11:00 AM.
hpeganz correctly describes the process I have used for removing stocks from our Final Universe List. Stocks that lose their rank often regain their rank in short order. As a result, I have only 'removed' stocks for failure to achieve rank at month's end. Tenured stocks (equities we have purchased previously and traded profitably in the past) can be kept regardless of rule violation. Jack Hershey often broke all rules when it came to his list of tenured stocks. You do not even need to keep a list of tenured stocks if such a thing suites you. Currently, we have several stocks that have lost their rank during the last week. If you decided to remove these stocks immediately upon rank failure, the world as we know it would not come to an immediate end.
When you receive a volume signal, you check price, MACD and Stochastics immediately. If all three fall within desired parameters, you take the trade. If not, you take no action, and continue to monitor your list of stocks.
Quote from smtrader:
Nevertheless, Spydertrader himself has posted on multiple occasions that one should avoid signals to trade in which the majority of the volume can be attributed to a block trade(s). Specifically, one thing he mentioned stuck in my head, "I do not believe one order makes a trend." Most wise.
As smtrader correctly observes, Jack Hershey has suggested avoiding trading stocks where a signal occurs due to 'large block trades.' I completely agree with Jack's assessment. As a result, I disregard any signal resulting from a large block trade - irrespective of Price Improvement, MACD or Stochastics. OF course, Your Mileage May Vary.
+++++++++++++++++++++
The Jack Hershey Equities Method has many iterations. Several individuals trade a variety of methods all with the same underlying Hershey Premise - trade stocks with the highest money velocity at a point in time where we minimize risk. We have often discussed the evolution of the various methodologies in this thread. The methods employed by Ross differ from those used by Gallas2, and smtrader has explained how his methods differ from my own. Numerous additional examples also exist. Each individual trader employs the techniques and strategies best suited to their own trading style, and each has achieved a certain level of profitability. No "one true method" exists. Over time, this "collaborative iterative refinement" process has produced significant changes to my own trading style, and as a result, improved my profitability. I encourage the testing and analysis of all methods discussed in order to determine the best course of action. However, regardless of the style, method, or risk used, I strongly encourage multiple readings of the background material posted earlier in the thread.
As always, I continue to welcome comments, questions and any input.
- Spydertrader
that one just seems to go in unexpected directions for me... 
I hope it treats you better!