Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from Spydertrader:

Welcome Back!

You have a link to those posts by any chance?

- Spydertrader
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http://www.elitetrader.com/vb/showthread.php?s=&threadid=44993&perpage=6&pagenumber=1

This thread focuses on the use of the MACD 4,13,1 which is very similiar to nature of the fast line of the 5,13,6 MACD.

The 1/2 macd value and neutral xross value were what were discussed. I would also add convergence as an indicator value of a possible ftt or full traverse. Overall, I have found the fast line macd to be a good "vector" indicator of the trend and fairly in synch with price.
 
Notice how price respected the left trend line line on the following two days after drawing it in?

Let's keep following along ...

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1317922>
 

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Since learning the significance of the FTT (failure to traverse) I have become much more picky about which trades I take. Of the 4 stocks in DU for Monday, this one has a channel picture much more to my liking than the others in DU.
 

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Quote from bundlemaker:

Since learning the significance of the FTT (failure to traverse) I have become much more picky about which trades I take. Of the 4 stocks in DU for Monday, this one has a channel picture much more to my liking than the others in DU.
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Hey bundlemaker,

Thanks for posting your chart. FWIW, I drew in some shorter-term channels as well as gaussians for the last 2 cycles.

It looks like to me the FTT shows up in both short channels and price is hovering around the RTL's on DU volume. It also looks like the last 2 cycles were R2B. And price has just started a long tape. Note the guassian peaks are decreasing.

So, what do we "anticipate" next? My beginner analysis would be:
1) Price drifts on DU and tests the shorter-term pink TL, OR,
2) BO on higher vol (hopefully FRV :)). In this case, do we see a B2B forming? OR,
3) Price starts the next R2B cycle (short).

What do you think? Or, what did I miss? We'll find out soon enough...

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1318157>

spooz
 

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In at $29.75. anyone else playing this? Appears to have bounced from trend channel drawn from Nov high and Dec 18th low.

Cheers

will it FRV at EOD?
 
This probably has come up many times before, however, it can't hurt to state it again.

Past picks bear watching, even if they may not be on the official Final Universe and not on your watchlist for today.

For example, I've been partial to COGO ever since it became my first successful Hershey pick last year. Look at the 30 min on COGO since 26 Dec 2006. 1 to 2 dollars every couple of days in profit.

Another one I'm partial to is GROW. The name alone makes it worth putting on a permanent watchlist.
 
Watchlist 08 Jan 2007

For DryUp 3 I had:

GIGM IAAC NVEC SIM

and for DryUp 6 I had:

GIGM NVEC RATE

Based on my analysis, looking at the 30 min chart following the posted guidelines, the only stock that would have been a buy today from my choices above was NVEC. The 0900 30 min bar is incredible. You could have gotten in on the open of the 0930 for roughly 29.00 USD. Looks like we might close at 31.90 or so.
 
Quote from johnpinochet:

You could have gotten in on the open of the 0930 for roughly 29.00 USD.
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That is what Virgintrader did. See above post. Nicely done.

- Spydertrader
 
I got in NVEC a little late, too - just below $30. I noticed they're scheduled to announce earnings after the close this Wednesday - just a heads up for anyone else who may have entered today.

SIM appears to be in dry up again today after touching the LTL yesterday. Maybe a good one to keep an eye on tomorrow AM.
 
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