Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from Monkman:

I thought a FTT had to be at a price where volume is around Peak levels, and starts to drop off afterwards. Anyone know the answer to this?

- Monkman
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A FTT occurs when price does not continue to progress in the dominant direction. I look at the volume and see how it compares to the prior adjacent bars. If the volume of the previous bar is a lot higher than the current bar, then I would not consider it a FTT.

In this case, we have the volume around current levels for several days now.

Spyder, you want to comment on this.
 
Quote from Monkman:

I thought a FTT had to be at a price where volume is around Peak levels, and starts to drop off afterwards. Anyone know the answer to this?
More...

Not all FTT's occur at or around Peak Volume Levels. Most do, but not all. Note the the last time GROW ended its thrust downward (1/22/2007). Price formed an FTT at less than Peak Volume Levels.

- Spydertrader
 
Quote from virgintrader:

NFLX...Spydies' gift??

Im not sure I got my numbers correct as it shows FRV at 707K and peak at 1.4M; today it peaked..so...i should have sold??:confused:
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You may want to consider selling within the first 30 minutes on Wednesday. YMMV

-Au
 
Per earlier posts I keep track of over 300 stocks.

I went through some of them with the Wealth-lab Hershey's Equities Chartscript version 4.2.

Run it on the symbol ACY.

Beauty.

That very large black volume bar occured on 06 Feb 2007.

9.92 to 19.50 in 16 calendar days.
 

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