Spydertrader's Jack Hershey Equities Journal II

Discussion in 'Journals' started by Spydertrader, Oct 4, 2005.

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  1. I have added a slight upgrade to the latest version of the Hershey Chartscripts. Hershey Equities Rank v. 3.0.1 includes all the functionality of previous versions. However, two minor changes now exist. I removed the portion of the code which (in previous versions) prohibited the line draw function from exceeding five 20% runs. Now, all 20% runs appear on a six month chart. Second, I have added the Stochastic (5,2,3) Indicator to the bottom of the chart. Enjoy.

    - Spydertrader
     
    #1821     Apr 17, 2006
  2. I'm experimenting with a version of the Dry-up scan script where the Lower Band volume is displayed along with each stock symbol. It saves having to type the symbol of each dry-up stock into the "Hershey Equities Rank" script to get this info.

    If I'm clever enough, one should be able to copy/paste the table directly into quotetracker's edit alerts screen. But I'm not there yet.
     
    #1822     Apr 18, 2006
  3. 4XIS4U

    4XIS4U

    stevegee58, I've something similar to that, except that I export stocks in dry up to a .csv file. Of course, I'm leveraging spyder's DU scan script.

    send me a pm if you're interested.
     
    #1823     Apr 18, 2006
  4. A few of the stocks I plan to monitor today ...

    ATHR COGO ENER FORD TRLG TXCO

    - Spydertrader
     
    #1824     Apr 18, 2006
  5. Long 200 shares of ATHR from $27.05 USD.

    - Spydertrader

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1042365>
     
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    #1825     Apr 18, 2006
  6. ATHR wasn't moving (and had actually pulled back from its high), so I dumped the shares for a $2.00 USD profit. I see no reason to hang onto a trade that just sits.

    - Spydertrader
     
    #1826     Apr 18, 2006
  7. Obviously, my lack of patience here prevented me from riding the wave up. Lesson learned.

    - Spydertrader
     
    #1827     Apr 18, 2006
  8. chapper

    chapper

    FMD anyone? It signaled, ran up, and pulled back some... any thoughts?
     
    #1828     Apr 18, 2006
  9. Price, Volume, MACD and Stochastics: all headed south at the moment. Attempting to catch a falling knife can often cause significant pain. FMD hasn't acted right since the huge run up on news a few weeks ago. Be careful.

    - Spydertrader
     
    #1829     Apr 18, 2006
  10. Penfold

    Penfold

    Spyder-

    I've been following your threads for a couple of weeks (thank you VERY much for the great introduction to Hershey's system...)

    In regard to ATHR and your exit earlier today: According to the system (as I have been understanding it), if you don't see the continuing volume sustain (or grow), aren't you supposed to exit the trade? So your initial decision to exit was correct, and any other decision is not consistant?

    Just looking for clarification.

    Thanks!
     
    #1830     Apr 18, 2006
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