Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from UriKai:

I just would like to know the difference or where to look to make a right decision.
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Welcome to the discussion. I hope you continue to find the many posts within the Journals helpful to your success. To help with Gaussian Volume Formations, check out this attachment. To get up to speed on FTT's, begin reading here. As you continue along reading, more and more areas begin to come into focus as the puzzle pieces fall into place.

With respect to NVEC, Price and Volume tell the tale. We either have continuation or we have change. Tomorrow, the market plans to let us know which.

- Spydertrader
 
No msn mess. I'm at work right now - dash in and out of my "office" to monitor. My connection is on a slooooow dialup out in the boonies, so I doubt I have the bandwidth for it.

i should just post more here I guess, to get more feedback...

Curiously, I've found myself not even using indicators anymore - sto and macd - and rely almost exclusively on volume and channels.

I guess it's starting to sink in....
 
Well, I should post some then.

PRXI is an outside the box trade - on my initial list - all the usual things lined up. Low volume, increased yesterday slightly, really took off today.

Dakt yesterday and closed out today. previously had decreasing red volume - then took off yesterday. lower volume today and stalled out, and BO to the down...

OMG yesterday, same story - volume increase yesterday. sold today...
 
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NVTL is a month long hold so far, in a scottrade acct that has a small balance, so no ins and out to avoid the PDT rule.

MED also looks good right NOW - increased vol over yesterday, just finished a retrace and is bouncing back up on increased vol - 10 min chart.

Curious - does anybody have the cajones to trade IAAC right now on such low volume? It's gonna finish with about 75k, but higher price, etc. It would bother me due to such poor financials the last 2 Q. I have it EPS ranking at a 5 last Q and a 1 2 Q's ago. Year EPS is a 6!!! with an RS of 96... Is news holding it up? PE is around 250....
 
Quote from Haroki:

Curious - does anybody have the cajones to trade IAAC right now on such low volume? It's gonna finish with about 75k, but higher price, etc. It would bother me due to such poor financials the last 2 Q. I have it EPS ranking at a 5 last Q and a 1 2 Q's ago. Year EPS is a 6!!! with an RS of 96... Is news holding it up? PE is around 250....
More...

Although I neglected to update the IAAC charts over the last few days, IAAC signaled a buy on 3/14/2007 at a Price of $18.20 USD (See previous updated charts posted to this thread). On 3/19/2007 IAAC formed a Point Two - with a Point Three on the following Day. Over the last two days, price has provided Volatility Expansions on each day - currently trading at a Price of $20.66 USD. Feel free to compare the attached chart to the ones posted on previous days.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1407762>
 

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Agree with everything there, just curious if anybody would trade it.

Maybe I'm too cautious and too used to trading longer time frames - based more on financials....
 
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