Spydertrader's Jack Hershey Equities Journal

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Quote from KevinK:

Was just reviewing the journal and came across this quote...
I Can't AGREE MORE... It's weird buying a stock that is sometimes already up 10%.

Jack always insisted people set aside their pre-conceived notions and rid themselves of habits from other methods before attempting to learn his methods. As a 'day-trader' prior to learning from Jack, I experienced great difficulty in permitting myself to hold stocks overnight (a daytrader ends flat in cash at the end of the day). I even tried to use a variant of these methods to 'daytrade' stocks with very little success. Once I finally decided to follow the advice shared by Jack without running it through my own mental filters, I developed a greater understanding.

- Spydertrader
 
2005-07-11, Monday - Lists

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

Hot List

FORD MCRI

Dry Up Stocks

DCAI FORD JMDT JUPM TASR

Hot List Stocks Scores

FORD - 4
MCRI - 5

Dry Up Stocks Scores

EZPW - 0
FORD - 4
JUPM - 5
TASR - 7
VDSI - 4

Keep an Eye on These Stocks

TASR (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=786824>
 

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Quote from oddiduro:

When monitoring stocks in the daytime for pro-rata volume, what provider do you use for this?

I no longer monitor for pro-rata Dry Up Volume as I use Low Band Dry Up Volume as an entry signal. Qcharts provides the data I use for both EOD and Intraday monitoring.

- Spydertrader
 
Quote from Spydertrader:

I no longer monitor for pro-rata Dry Up Volume as I use Low Band Dry Up Volume as an entry signal. Qcharts provides the data I use for both EOD and Intraday monitoring.

- Spydertrader


Okay, that's good to know:cool:

Low band dry up volume is 3 standard deviations from Average Dry Up volume....do I have this correct?
 
Quote from oddiduro:

Low band dry up volume is 3 standard deviations from Average Dry Up volume. Do I have this correct?

Both Low Band Dry Up Volume and High Band Dry Up Volume reside at opposite ends of the Bell Curve and approximately three standard deviations from the mean (Average Dry Up Volume).

- Spydertrader
 
Quote from Spydertrader:

Both Low Band Dry Up Volume and High Band Dry Up Volume reside at opposite ends of the Bell Curve and approximately three standard deviations from the mean (Average Dry Up Volume).

- Spydertrader

Spyder,

Yet another question....

I am not a statistician, I have just found out:eek:

Please use TASR as an example and show me how you would calculate the low and high bands of dry up....

Also, if FRV is DU*2 would you use average dry up as your DU variable, or would you use one of the figures within your range of dry up?

Best Regards
Oddi
 
Quote from oddiduro:

Please use TASR as an example and show me how you would calculate the low and high bands of dry up....

I would visit the Wealth-Lab.com Web Site Version of the Hershey Chartscript, type in TASR, and click Execute Chartscript. Scrolling down the page to the area below the chart provides these values for you.

If you insisted on performing the operations by hand, do the following:

Average Dry Up *(0.4986) = X

Average Dry Up + X = High Band
Average Dry Up - X = Low Band

Quote from oddiduro:

Also, if FRV is DU*2 would you use average dry up as your DU variable, or would you use one of the figures within your range of dry up?

FRV = DU*3
Peak Volume = FRV*2
I use Average Dry Up to Calculate FRV and Peak Volume Levels. Again, The Wealth-Lab.com Web Site Version of the Hershey Chartscript performs these calculations automatically. A full description of how the ChartScript calculates these methods is explained in the ChartScript Description.

- Spydertrader
 
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