Well, this was a pretty interesting morning. We have a fairly wide traverse being carried over from the wake of the FOMC. The first traverse of the day might have just ended, we have an ftt turn in place but currently there is a lateral pushing the accelerated rtl as we speak. We could see an fbo and another long turn if we just don't get the volume to break through.
Thanks for posting these chart snips Hero! It's nice to see (and know) that I am not alone with tapes, traverses and V-sequence! Thanks again.
Well, this was a rather lackadaisical morning. We open with a long lateral, and a sub-fractal trend completes ending with an upside BO that gives us our traverse P2. Either we see some recession on decreasing volume as P3 forms, or there is a small chance of BM REV and an improved P2. -- @ tiddlywinks Thanks for the positive feedback. I'm always learning; just thought I would put a week out there so people can see an additional perspective to Jack's, and it also helps me to stay sharp and coherent with my annotation and analysis when I'm putting it out there for other people to see. Hope all is well with you!
First Traverse up. Currently headed towards FTT and change to short sentiment on this fractal. Possibilities: 1. FBO of traverse / fanning for more laterals and additional long leg. 2. BO through RTL after FTT into down-traverse. 3. VE of the current traverse on high volume.
It appears your journal has reached the goals you outlined in your opening posts. Congratulations. Your journal for learning contains an abundance of information and provides a valuable set of drills for a learner to start from scratch and work his/her way toward SCT. The above quotation is taken from post #143. "Pool Extraction" is a game changing paradigm for those who learn to execute the methodology. Over the years you have provided, in fine detail, many of the intricacies of PVT and SCT but there has been a comparative dearth of detail on SSR. You have referenced a "one-pager" for SSR many times, but it is nowhere to be found on ET. (The only "one-pagers" I have ever found are "The Pattern" and the "Unusual Volume" table.) Before this thread fades in to the archives of ET, would you consider expanding the scope of your journal by including detail on the PEP application of SSR? -river
***bump*** Jack Hershey, You may have missed this question during your recent hiatus from ET. You have previously mentioned on several occasions that you search for your name but for some reason the ET search function misses the above post. There have been requests from a few followers of this thread for more detail on the SSR application. Would you consider posting the SSR "one pager" and/or other detail on Stock Sector Rotation? -river
You are probably correct about ET records. Probly te big league sites are more oriented to SSR. IBD is tuned to sector rotation more than most other science based systems. about 200 sectors are well defined for sorting stocks. Then the sector status requires first and second derivative analysis using statistical substitutes for calculus. because the data is usually compiled weekly the holds (anticipatory) usually only last about 4 1/2 weeks. As is well known most funds limit money making to fees and commissions. Almost no fund demonstrates any trading or position holding prowess at all. this means there are few quality information sources. genesis and its TN strike out because the system freezes to to its small data processing capability. This is not understood by Larson nor most of his staff. All of the people whose libraries they maintain have not stepped up to the plate for any scientific sector rotation. the government can't monitor any form of sector rotation from a regs point of view. The IRS is now showing how dumb and untrustworthy government employees really are. since the gov can't monitor, the platforms are too small, and the financial indusrty doesn't trade to make money, this narrows the resourses for making big time money with large capitalization. Bloomberg/BW ran an issue on tech innovation. The hacker/millitary article comes close. I use progarmmers out of Ft Hauchuca and FAA techies who are revising the airport controller systems. Once make this stuff public, it will change the finacial industry quite a bit. Some of the Russian sattlite rogue hackers have come pretty close to fucking up my puters here. admittedly they can't get it done simply because their brains are fucked up in the final analysis. See the iranian guy I replied to recently (who doesn't know he doesn't know). Someone will get my stuff to you, once I shut down. Am on upped dosages of hydro morphine these days. Pain doesn't hurt you but it is tough to ignore 24/7.
set up a rotating ranking for all sectors. use weekly ranking data this gives you an RDBMS where change of rank (first der) and rate of hange of rank (2nd der) can be analyzed. in making big money with big money you have to not exceed the normal block size. See trding 100,000 shares in PVT) In SSR you are dealing with large positions way over 100K shares and way over a couple of million bucks. you watch positive derivatives of rankings to see entry and you watch for top ranked stocks to slip below 0 on second derivative thses two monitoring actions allow for the crossover trading required to make money avaialbe to buy on opportunities. There is one more caveat. do not trade sector leaders. Watch them so that you can catch sector money makers in anticipation. Its like in the triple crown. Who care about winning three races in row. Make the money with the horses that are rested up to wipe prior winners off the map. horse owners could make a lot more money if they knew how to make money rather than train horses. Big money usage in SSR is what it is designed for. It is the time when you have capital in excess of the limits of PVT and SCT. You can't not be using the money to make money. Why do the funds make 20% a year. It is because they hire quants, etc. Why do they only make 40 or 60 0r 80% a year. Same answer. Why is the IRS and SEC on my ass all the time??? They KNOW I MUST BE A CRIMINAL. WTF???? how humorous can it get???? When I testify before congress on EDUCATION, a stupid congressman tells me "There are no problems in American Democracy." I recommend that people get sharp on Ekistics (See Doxiatis); I travelled the globe with his representatives. What a neat world this place could be if SS and CMS weren't so fucked up. how can the gov't not be taking the full offer of the market by using citizen's pay ins. how cant it be that the pay ins are used to buy US gov't bonds???? At least I was allowed to carry my golf clubs on AF ONE (so did the pilot...LOL). we couldn't believe to roll you can get on a drive in Tucson!!!!
I was hoping one could use sector type ETFs to trade the Jack Hershey SSR methodology but it doesn't look like that will work given your comments yesterday. My intent was to help a relative avoid "compliance" headaches caused by trading individual stocks. I would still very much appreciate it if someone could pass along the SSR one-pager. I am very sorry to read of the necessity of you having to take increasing amounts of hydro morphine. I cannot imagine the long term toll living with chronic pain takes physically and psychologically. Best wishes to you and thank you again for this thread. -river
Jack, I am so sorry to hear this, and may you be as painless/comfortable as possible! Prayers are with you and my deep gratitude for everything you have shared... best, Vienna