Spydertrader's Jack Hershey Equities Journal

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Spydertrader,

I noticed the DU Lower Upper FRV Peak values on the Hershey
rank 3.0 charts script at Wealthlab website SHIFT day to day.

I thought the DU/FRV/Peak values were calculated from previous 5 cycles of 20% gain last 6 months.

If so, I don't think the numbers should drift every day. They should remain constant until another 20% cycle is added to calculations, shouldn't they?

I'm certain these numbers are shifting.

Thanks for sharing your knowledge and experience!
 
Quote from hungry:

I'm certain these numbers are shifting.
More...

Based on current market conditions (decreasing volume over the last several trading days), the numbers are shifting lower, and this is as expected. Keep in mind, Jack 'eyeballs' the lowest volume during any cycle. Ideally, the low volume (Dry Up) should occur before we see a volume and price break out of 20% or more. Although, this is not always the case. As volume has continued to fall across almost all Hershey stocks over the last few trading days, one would expect Low Band Dry Up Values to move lower each time a new volume low is reached.

Hope that helped.

- Spydertrader
 
To create the following lists of stocks, I used 90 RS and 80 EPS. Using 90 RS and 90 EPS resulted in an initial stocktables.com sort of too few equities.

2005-09-07, Wednesday - Lists

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

Hot List

DPTR FORD IRIS LUFK NETL VPHM

Dry Up Stocks

CMT DCAI FORD HANS IIG IRIS JMDT MCRI NGPS RADS RTSX

Hot List Stocks Scores

DPTR - 2
FORD - 6
IRIS - 0
LUFK - 4
NETL - 7
VPHM - 4

Dry Up Stocks Scores


CMT - 0
DCAI - 7
FORD - 6
HANS - 4
IIG - 7
IRIS - 0
JMDT - 2
MCRI - 2
NGPS - 6
RADS - 5
RTSX - 1


Keep an Eye on These Stocks

ELOS (Attached)

The following stock has been ADDED to the Final Universe List as of 2005-09-07: LUFK.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=835390>
 

Attachments

2005-09-07, Wednesday - Update

This morning, I monitored one list of stocks (11 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."

Dry Up Stocks

CMT DCAI FORD HANS IIG IRIS JMDT MCRI NGPS RADS RTSX

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

Dry Up Stocks Triggering Signal

CMT IIG RTSX MCRI

Dry Up Stocks NOT Triggering Signal

DCAI FORD HANS IRIS JMDT NGPS RADS

CMT did show price improvement ($6.44) at time of signal generation (10:30 AM). In addition, MACD Histogram showed a positive return (+.0167). However, The Stochastic Indicator fell below desired levels (71.43). As a result, I took no action with respect to trading CMT.

IIG did show price improvement ($8.42) at time of signal generation (10:39 AM). In addition, MACD Histogram showed a positive return (+.0617). Also, The Stochastic Indicator fell above desired levels (95.31). As a result, entered into a long position with IIG receiving a fill price of $8.42 USD on 1000 shares.

RTSX did show price improvement ($26.18) at time of signal generation (10:53 AM). In addition, MACD Histogram showed a positive return (+.0132). However, The Stochastic Indicator fell below desired levels (53.49). As a result, I took no action with respect to trading RTSX.

MCRI did not show price improvement ($18.42) at time of signal generation (11:04 AM). In addition, MACD Histogram showed a positive return (+.0139). However, The Stochastic Indicator fell below desired levels (30.01). As a result, I took no action with respect to trading MCRI.

- Spydertrader
 
Spydertrader

I read the regulation concerning threshold, but can't figure out what it means. I only see it's stocks with 10,000 plus shares shorted and not delivered within 3 day settlement period. I think?

It seemed to me the responsibilities lie with the brokerages and market makers, but I'm pretty much new and clueless.

Should I just be cautious with threshold stocks or not short at all?



As always, I am grateful for your help.
 
2005-09-07, Wednesday - Update

None of our Dry Up Stocks reached FRV levels by EOD. As a result, I sold all shares of IIG at the $8.43 price point. This intraday trade yielded a single day gross profit of $10 USD or a wash trade on 1000 shares.

- Spydertrader
 
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