Spydertrader's Jack Hershey Equities Journal

[Capablanca]

There seems to be a discrepancy in the volume data between the two. For example MCRI March 4, 2005 volume is 1 million apart.

 

[smtrader]

Quote from Spydertrader:

I re-ran the symbols through the Wealth-Lab.com Web Site. I received the following:

Symbol: MCRI
Upper Band = 177,244
Average DU = 118,273
Lower Band = 59,302
FRV = 354,820
Peak = 709,639

Symbol: SYNA
Upper Band = 859,266
Average DU = 573,379
Lower Band = 287,492
FRV = 1,720,138
Peak = 3,440,275

I still have both stocks currently "In Dry Up."

- Spydertrader

I refreshed all data in Wealth-Lab developer, and for some reason all my numbers are now closely matching the website. I think I had some kind of data hiccup from Yahoo or WLD... seems like it happens from time to time.

Can anyone attest to the veracity of Yahoo data in general as opposed to other data providers?

 

[Spydertrader]

Quote from smtrader:

Can anyone attest to the veracity of Yahoo data in general as opposed to other data providers?

In the past, Yahoo data showed notoriously poor consistency prompting me to pay for "superior data services." However recently, I have had fewer problems with Yahoo data, and more problems with the "quality data providers." It appears, no matter what data one uses, it pays to "double check" the numbers. Feel free to continue to question any anomalies you notice. We all benefit from checking each other's numbers.

- Spydertrader

 

[Spydertrader]

2005-05-19, Thursday - Update

Our system triggered one possible signal today when actual volume for SYNA exceeded calculated Low Band Dry Up Volume at 11:16 AM. Unfortunately, we did not see price improvement at time of signal generation. As a result, we eliminate SYNA from further consideration. The particulars for SYNA at time of signal generation were as follows:

Time: 11:16 AM
Price: $19.70
MACD: -.0359
Stoch: 83.5413
Score: 5
Low Band: 287,492 shares

We received no additional trade signals from our list of Dry Up Stocks this morning.

- Spydertrader

 

[Spydertrader]

2005-05-19, Thursday - Final Universe Update

The following Stocks have been DELETED to the Final Universe List as of 2005-05-19 due to Failure to Maintain Rank: COGT, NFLX, SGTL, SYNA, TOPT & XXIA.

 

[gooch87]

I just ran SYNA through

http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/testsystem

and got a rank of 4.61 and score of 7

Why did you drop it ?

 

[chopper77]

I actually would have got a long signal with SYNA yesterday (but I didn't take it as I don't trade this method.)

 

[Spydertrader]

Quote from gooch87:

Why did you drop it ?

The Wealth-Lab web site chartscript uses EOD data. The rank and score attributed to SYNA uses data ending 05/18/2005. I ran through the process early this afternoon. I suspect you may find SYNA fails to cycle 5 times in six months if you run the same scan again after Wealth-Lab compiles data for today.

Let me know your results.

- Spydertrader

 

[gooch87]

Quote from Spydertrader:

I suspect you may find SYNA fails to cycle 5 times in six months if you run the same scan again after Wealth-Lab compiles data for today.

Let me know your results.

- Spydertrader

Now I see. It no longer rates.

Gooch87

 

[Spydertrader]

2005-05-20, Friday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort

Hot List

DCAI ELOS FORD JUPM MCRI MFLX PARL USG

Dry Up Stocks

EXM EZPW MCRI SNDA

Hot List Stocks Scores

DCAI - 7
ELOS - 2
FORD - 7
JUPM - 7
MCRI - 5
MFLX - 7
PARL - 7
USG - 0

Dry Up Stocks Scores

EXM - 0
EZPW - 5
MCRI - 0
SNDA - 0

Keep an Eye on These Stocks

EXM (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=752177>