Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from TimDog:

Just wondering what tipped u guys off to get into GROW?
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At the end of Journal II and throughout Journal III, I have discussed the role an FTT plays with respect to providing a signal for change. Adding Gaussian Volume formations creates an effective "one - two" punch for extracting profits from the stock market. While the 'Bruno R' (and other indicator sequences) remain an effective source of guidance for determining where the best 'money velocity' resides, Jack described (a very long time ago) the only tools required of a trader - price and volume. For those still holding any doubt, I have seen Jack's old 'Final Universe' live and in person. It's a box full of hand drawn charts from back before computer charting was the norm. One quickly notices several important parts of the charts when viewed across Jack's kitchen table:

1. Not one indicator - only Price and Volume.
2. The charts are full of channels.
3. Volume has Gaussian Formations

That's it. No MACD Histogram, No Stochastic Indicators.

Jack did have one other notation on his charts. Every once in a while (most notably at the end of a downward price run), Jack had placed a small little dot (with an ink pen) right near the price bar. When I inquired as to the origin of these 'dots' on the hand drawn charts, Jack simply flashed his trademark smile and said he didn't know anything about them.

Riiiiiiight. The Llamas had put them there. :D

These 'dots' on Jack's hand drawn charts represented FTT's. Whether using hand drawn lines on butcher paper or state of the art technology, the FTT works the same now as it did 50 years ago. Learn to recognize it, and trade accordingly.

- Spydertrader
 
Hey guys,

I often come across bruno stocks that have already started to run its course.

I mean i know how to spot and trade the bruno stocks when it's at its first stage... coming up from 20,25 level of fast stoch... and coming up to reach the 50 level....

but what do you guys do when you are a little late to one... when the fast stoch is already at 60s and 70s, and sometimes 80s (if the slow stoch hasn't followed up yet)..... would you still play this? or would you give up on them because you dont want to risk getting in one too late and have the stock come down?

or would you get in now and wait to see if it turns into a rocket trade.... by watching the slow stoch flatline at around 80?
 
Quote from OpenTrader:

I am curious what you folks are thinking about NVEC? It still has rank, but I am considering removing it from my universe. Mistake? It has been in dryup and getting tighter and tighter but for some reason I feel like it has lost it's rank potential. I guess I will wait and see.
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NVEC is garbage. If NVEC doesn't fall out on its own this month, it most definitely will by the end of next month. With each passing day the moving window of five cycles in six months comes closer to dropping off a few of the 20% runs. IF you wanted to toss NVEC overboard before 'natural selection' causes it to go 'extinct,' I don't think anyone would shed any tears. :D

- Spydertrader
 
I ate way too much tonight. sandwich, bread bowl, chips, sundae etc. In the spirit of feeling overstuffed I pulled up a chart that looks similar to GROW. Hopefully this stock has lost enough weight, and is ready to run to the top.

Below is WTW. FTT? Comments appreciated like always.

- Monkman
 

Attachments

RATE news from Briefing.com:

06:17 RATE Bankrate profiled in New America section of IBD (43.28 )

IBD reports Bankrate collects data on interest rates from thousands of banks around the country. Users of Bankrate's site compare rates for loans or deposit accounts in hundreds of local mkts. They can also read articles about banking and other topics. Online calculators help users weigh their options. Advertisers pay for display ads on the Web site. Banks listed in rate tables also pay each time a user clicks for more information on their product. They're willing to pay because site users aren't merely browsing. The vast majority of users are in the mkt for one of the more than 300 financial products listed on the site. Advertisers will pay a lot more to reach a user who is actively looking to borrow or deposit money. Overall, only about 10% of users come to Bankrate through paid ads on search sites. Compare that with other Internet cos that pay millions for online and TV ads.

RATE is a DU stock today.
 
Interestingly, this article was in the Monday edition of IBD almost two weeks ago, it has since fallen off their IBD 100 list I think. I only buy the Monday edition, so it may have come back on.

I watched this thing a week ago Monday as the IBD highlighted stocks with buy recommendations often take off on Mondays.

Still waiting...

perhaps a delayed reaction.

:)


Quote from Huskydog:

RATE news from Briefing.com:

06:17 RATE Bankrate profiled in New America section of IBD (43.28 )

IBD reports Bankrate collects data on interest rates from thousands of banks around the country. Users of Bankrate's site compare rates for loans or deposit accounts in hundreds of local mkts. They can also read articles about banking and other topics. Online calculators help users weigh their options. Advertisers pay for display ads on the Web site. Banks listed in rate tables also pay each time a user clicks for more information on their product. They're willing to pay because site users aren't merely browsing. The vast majority of users are in the mkt for one of the more than 300 financial products listed on the site. Advertisers will pay a lot more to reach a user who is actively looking to borrow or deposit money. Overall, only about 10% of users come to Bankrate through paid ads on search sites. Compare that with other Internet cos that pay millions for online and TV ads.

RATE is a DU stock today.
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Review for Thursday 22 Feb 2007:

My current Final Universe based on my reading here is:

ALY BITS CHDX COGO DTLK DXPE FTEK GIGM GROW GRRF HWCC IAAC ININ LQDT MEH MIKR NVEC OMRI PCCC RATE REDF SIM SIRF SNCR STEC SYX UCTT XING

My DU3 scan, of the above Final Universe only, produced these stocks for today:

FTEK MEH MIKR NVEC OMRI RATE SIRF
 
Hey guys,

I often come across bruno stocks that have already started to run its course.

I mean i know how to spot and trade the bruno stocks when it's at its first stage... coming up from 20,25 level of fast stoch... and coming up to reach the 50 level....

but what do you guys do when you are a little late to one... when the fast stoch is already at 60s and 70s, and sometimes 80s (if the slow stoch hasn't followed up yet)..... would you still play this? or would you give up on them because you dont want to risk getting in one too late and have the stock come down?

or would you get in now and wait to see if it turns into a rocket trade.... by watching the slow stoch flatline at around 80?

example: GIGM GROW SYX SNCR
==========================

getting out of XING today. Holding DTLK and COGO

Also just bought PCCC and OMRI today

by the way.. good job on the GROW trade guys
 
Best trade yet - in Grow - 41.3 yesterday - out today 47.16 - 14%

All smiles!!! Thank you everyone for this great resource.

Let's see how RATE does now.
 
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