Spydertrader's Jack Hershey Equities Journal

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2005-08-08, Monday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort

Hot List

DPTR FORD NGPS SNHY

Dry Up Stocks

BCSI FORD IIG NGPS RTSX

Hot List Stocks Scores

DPTR - 0
FORD - 0
NGPS - 0
SNHY - 2

Dry Up Stocks Scores

BCSI - 0
FORD - 0
IIG - 0
NGPS - 0
RTSX - 0

Keep an Eye on These Stocks

IIG (Attached)

The following stock has been ADDED to the Final Universe List as of 2005-08-05: DPTR.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=809844>
 

Attachments

2005-08-05, Friday - Update

This morning, I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

BCSI FORD IIG NGPS RTSX

Our system generated two possible trade signal from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.

Dry Up Stocks Triggering Signal

FORD IIG

Dry Up Stocks NOT Triggering Signal

BCSI NGPS RTSX

FORD did not show price improvement ($25.57) at time of signal generation (9:47 AM). In addition, MACD Histogram showed a negative return (-.3679). Also, The Stochastic Indicator fell below desired levels (6.32). As a result, I took no action with respect to trading FORD.

IIG did not show price improvement ($10.02) at time of signal generation (10:11 AM). In addition, MACD Histogram showed a negative return (-.0695). Also, The Stochastic Indicator fell below desired levels (0.00). As a result, I took no action with respect to trading IIG.

BCSI did not show price improvement ($32.76) at time of signal generation (10:44 AM). Although, MACD Histogram showed a positive return (+.0633), the Stochastic Indicator fell below desired levels (60.00). As a result, I took no action with respect to trading BCSI.

- Spydertrader
 
2005-08-09, Tuesday - Lists

Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort

Hot List

DPTR FORD NGPS SNHY

Dry Up Stocks

JMDT NETL RADS RTSX TIE

Hot List Stocks Scores

DPTR - 2
FORD - 2
NGPS - 2
SNHY - 5

Dry Up Stocks Scores

JMDT - 0
NETL - 0
RADS - 1
RTSX - 5
TIE - 0

Keep an Eye on These Stocks

DPTR (Attached)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=811283>
 

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Quote from Spydertrader:



BCSI did not show price improvement ($32.76) at time of signal generation (10:44 AM). Although, MACD Histogram showed a positive return (+.0633), the Stochastic Indicator fell below desired levels (60.00). As a result, I took no action with respect to trading BCSI.

- Spydertrader [/B]
More...

I am not sure why, but I have different data than you. I got my signal at 10:38:40 when the volume was 45163. Is this another example of discrepancies between data providers?

Here is a copy of my chart from Quotetracker.
 

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Quote from gooch87:

I am not sure why, but I have different data than you. I got my signal at 10:38:40 when the volume was 45163. Is this another example of discrepancies between data providers?
More...

Correct. Different data providers show different volume levels at slightly different times, and for total volume at EOD. With QCharts data, I had Low Band Dry Up Volume at 45,774 shares (slightly higher than your number). As a result, I did not receive a volume signal until a few minutes after you did.

Hope that helped.

- Spydertrader
 
2005-08-09, Tuesday - Update

This morning, I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

JMDT NETL RADS RTSX TIE

Our system generated one possible trade signal from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.

Dry Up Stocks Triggering Signal

JMDT

Dry Up Stocks NOT Triggering Signal

NETL RADS RTSX TIE

JMDT did show price improvement ($28.30) at time of signal generation (10:44 AM). In addition, MACD Histogram showed a positive return (+.1013). However, The Stochastic Indicator fell below desired levels (79.02). As a result, I took no action with respect to trading JMDT.

- Spydertrader
 
Good Morning Spyder,

I'm a bit confused about the why you didn't buy JMDT. How long did you wait before you realized the stochastic indicator was not at acceptable levels. I purchased this stock based on the attached chart. I'm confused at where I went wrong. Could you please comment -thanks.

-smashandgrab
 

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Quote from smashandgrab:

I'm a bit confused about the why you didn't buy JMDT. How long did you wait before you realized the stochastic indicator was not at acceptable levels. I purchased this stock based on the attached chart. I'm confused at where I went wrong. Could you please comment -thanks.
More...

After reviewing your attached chart, it appears you use the one minute settings for your charts. I use a thirty minute chart. Jack recommends monitoring on the thirty minute fractal. I have attached a 30 minute chart of JMDT. As you can see, the Stochastics failed to breach the 80 level on the thirty minute chart below.

Edit: I also noticed you have Stochastics set to (14,3,1) and not (14,1,3).

I hope that helps.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=811803>
 

Attachments

Growing pains -ugh!!

Thanks Spyder for your response. Nice to know an answer is just a quick email away. Who know what pains I would have gone through to finally realize I was "interpreting" the system incorrectly. You really do a great service here.

-smashandgrab
 
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