2005-03-04, Friday - Update Our system failed to generate a signal as none of the Watch List stocks had actual volume exceed calculated Dry Up Volume (pro-rata or otherwise). Several of our stocks did increase in price (some significantly), but the system did not signal an entry. Enjoy the weekend! - Spydertrader
2005-03-07, Monday - Lists I used RS and EPS Settings of 90 for the following lists Stocktables.com Sevens - Ones - Zeros MT - MIPS - SNDA HURC - MHR - XTO UNT - HLIT - CMC MSB - POG - MUSA ANTP - MRVL - JOYG JLG - WCC - LSS MEE - WWCA - TOPT WLL - CTSH - ANGO NSS - AAPL - LCAV PMTI - ISRG - FLSH Wealth-Lab Chartscript/Manual Hotlist ANTP ANGO MIPS HURC TOPT SNDA MSB Wealth-Lab Data/Yahoo Data Watch List PACT - DU Cycle - DU5 TASR - DU Cycle - DU5 TRGL - DU Cycle ELOS - DU Cycle - DU5 - DU10 - DU20 FRD - DU Cycle MFLX - DU Cycle SYNA - DU Cycle COGT - DU Cycle MIPS - DU Cycle - DU5 TOPT - DU Cycle SIGM - DU Cycle HANS - DU Cycle Wealth-Lab Developer Data & Equations/G33M4K Equations SRVZ Wealth Lab Equations - Dry Up (with G33M4K Score) SYNA - 0 Eyeball Gallas2 "Keep an Eye on These" Stocks SNDA (Attached) Yahoo Data/G33M4K Equations Dry Up Stocks with G33M4K Master List Score of Zero TRGL ELOS SINA SIGM Stocktables Sort/Qcharts/G33M4K Equations/ Test Culling Method with Score Hotlist ELOS 0 EZPW 0 TRGL 0 KEYW 2 SNDA 3 MIPS 4 MFLX 5 TOPT 5 HANS 6 PMTI 7 HURC & MSB failed to make the Final Universe List due to insufficient Average Daily Volume. ANTP & ANGO failed to make the Final Universe List due to [/color]insufficient float[/color]. The following Stocks have been ADDED to the Final Universe List as of 2005-02-23: MSB. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=699921>
Hello Spydertrader, Can you please comment on exm? Data form tradestation shows it traded approximately 120000 shares by 11 a.m. Friday. DU calculated by wealthlab chartscript is 73980. 65 day avg volume is 256000 and it appears to qualify based on eps and float. In addition macd, stochastics and price action appear favorable. At the time it was trading at 26.00 and closed the day at 27.40 for approx 5% increase from signal. I have been reading through the links you posted regarding jh method. Bubba7, who I assume is jh, states that this system is applicable as EOD method with only minor decrease in effectiveness. ("There is a slightly lesser yield with this method if you just do it in the evening. It is statistically significant but not important at all.") What is your opinion? Thank you for your comments and for your efforts in keeping this journal.
I appreciate the accuracy of our observations regarding the trading activity and fundamental data for EXM on Friday (2005-03-04). You correctly detail activity that would normally trigger a trade signal using the Jack Hershey Methodology. However, reviewing the volume activity for EXM on Thursday (2005-03-03) we see a total of 156,700 shares traded for the day. Using the Wealth-Lab Chartscript to calculate DU Volume, we arrive at 73980 shares. Since actual volume on EXM exceeded calculated Dry Up Volume the day before our trading day (Friday), we cannot assign EXM to our list of stocks already in Dry Up (Watch List Stocks). In short, EXM failed to qualify because it was not "in" Dry Up the day before. Yes, Jack posted under several aliases including (but not limited to) Jack Hershey, Bubba7 & Grob109. I traded Jack's System part time for just over a year while returning to work to build up the capital in my trading account. I suspect the methods I used to trade back then, most would consider, more of a hybrid between full-time and EOD. While my results since I began trading full-time have improved over my part-time returns, one can trade EOD using Jack's Methods quite easily and with a good degree of success using a variety of different techniques. Thank-you for your interest. I hope you found the above information useful. - Spydertrader
I neglected to delete the above line from the most recent "Daily Lists" post. The Final Universe List did not acquire MSB recently. I apologize for any confusion resulting from the erroneous information posted above. - Spydertrader
2005-03-07, Monday - Update Our system failed to generate any trade signals today as none of the Watch List Stocks experienced actual volume levels exceeding calculated Dry Up Volume by 11:00 AM. Attached, please find a copy of the Journal Results to date. - Spydertrader
2005-03-08, Tuesday - Lists I used RS and EPS Settings of 90 for the following lists Stocktables.com Sevens - Ones - Zeros GEHL - MIPS - XPRSA VHI - AAPL - NSS MUSA - POG - PSUN URBN - ISRG - MRVL JLG - HLIT - PMTI EXM - MHR - JOYG TIE - SNDA - MFLX STNR - CCJ - DTPI UNT - ANTP - STTX FLSH - WWCA - TOPT Wealth-Lab Chartscript/Manual Hotlist ANTP EXM MFLX MIPS TOPT SNDA Wealth-Lab Data/Yahoo Data Watch List PACT - DU Cycle - DU5 TASR - DU Cycle ELOS - DU Cycle FRD - DU Cycle MFLX - DU Cycle SYNA - DU Cycle COGT - DU Cycle MIPS - DU Cycle - DU5 TOPT - DU Cycle SIGM - DU Cycle CALM - DU Cycle ULBI - DU Cycle ISSC - DU Cycle Wealth-Lab Developer Data & Equations/G33M4K Equations SRVZ Wealth Lab Equations - Dry Up (with G33M4K Score) SYNA - 0 Eyeball Gallas2 "Keep an Eye on These" Stocks FFIV (Attached) Yahoo Data/G33M4K Equations Dry Up Stocks with G33M4K Master List Score of Zero SYNA COGT TOPT ULBI CALM ISSC Stocktables Sort/Qcharts/G33M4K Equations/ Test Culling Method with Score Hotlist HANS 0 SNDA 0 TOPT 0 ELOS 2 TRGL 2 EZPW 4 KEYW 4 EXM 5 MIPS 5 PMTI 5 MFLX 7 ANTP failed to make the Final Universe List due to insufficient float. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=700886>
2005-03-08, Tuesday - Update Our system triggered three signals today for TOPT, SIGM & MFLX. All three signals generated occurred using the both the 50% pro-rata volume and calculated non-prorata Dry Up Volume on DU Cycle method of Dry Up Volume calculation. The first signal occurred just before 10:20 AM when actual volume for MFLX exceeded the 50% pro-rata volume level of Du Cycle. Although MFLX had made a nice run upward in price early in the morning, at time of signal generation, price had fallen to $22.97 USD. Even with price improvement, MACD had fallen into negative status (-.1845) and The Stochastic Indicator had fallen below desired parameters (19.6668). As a result, we take no action with respect to MFLX. The second signal occurred at 10:38 AM when actual volume for SIGM exceeded the calculated Dry Up Volume level of DU Cycle. We did not have price improvement at time of signal generation ($10.40 a change of -.73). Both MACD (-.0274) and The Stochastic Indicator (4.6621) fell outside our desired parameters. As a result, we take no action with regard to SIGM. The last signal of the day appeared at 10:55 AM when actual volume for TOPT exceeded calculated Dry Up Volume for the DU Cycle method of DU Calculation. Again, we have lack of price improvement (down nearly a dollar from the previous day close) and both MACD (-.0013) and The Stochastic Indicator (20.7912) fell outside desired parameters. As a result, we take no action with respect to this signal either. Interestingly, we had an additional signal that occurred after our normal time deadline. At 11:35 AM, volume for PACT exceeded calculated Dry Up Volume, and began to increase at a rapid pace. We had price improvement, as price at time of signal generation held at $8.70 USD. MACD appeared positive (+.1855), and The Stochastic Indicator held above our desired parameter (80.7338). While I did not take the trade due to the signal occurring outside my trading plan, I followed the chart throughout the afternoon. Based on our normal 10% target price and 5% trailing stop loss, today's activity with respect to PACT would have resulted in a stop occurring at $9.97 after hitting an intraday high of $10.40 USD. In short, the system would have netted a near 15% gain. As a result of missing the above trading opportunity, I think perhaps it is time I added a bit of 'wiggle room' to my trading rules to account for signals generated within 10 minutes of our time deadline. I hope you find the above information useful. - Spydertrader
2005-03-09, Wednesday - Lists I used RS and EPS Settings of 90 for the following lists Stocktables.com Sevens - Ones - Zeros ALDA - SNDA - VPI VTIV - POG - EZPW DTPI - MIPS - MEE URBN - LSS - TIE XPRSA - MDRX - CMC VPI - ANTP - NSS CCJ - LCAV - FLSH WLL - HLIT - AAPL HOLX - XTO - MRVL XTO - WWCA - PMTI Wealth-Lab Chartscript/Manual Hotlist ANTP EZPW MIPS SNDA Wealth-Lab Data/Yahoo Data Watch List TASR - DU Cycle - DU5 FRD - DU Cycle SYNA - DU Cycle MIPS - DU Cycle SNDA - DU Cycle - DU5 - DU10 SGTL - DU Cycle HANS - DU Cycle CALM - DU Cycle - DU5 - DU10 BLTI - DU Cycle - DU5 - DU10 - DU20 Wealth-Lab Developer Data & Equations/G33M4K Equations SRVZ Wealth Lab Equations - Dry Up (with G33M4K Score) SYNA - 2 Eyeball Gallas2 "Keep an Eye on These" Stocks FFIV (Attached) Yahoo Data/G33M4K Equations Dry Up Stocks with G33M4K Master List Score of Zero TASR SNDA HANS Stocktables Sort/Qcharts/G33M4K Equations/ Test Culling Method with Score Hotlist HANS 0 SNDA 0 TOPT 0 ELOS 2 TRGL 2 EZPW 4 KEYW 4 EXM 5 MIPS 5 PMTI 5 MFLX 7 HURC & MSB failed to make the Final Universe List due to insufficient Average Daily Volume. ANTP failed to make the Final Universe List due to insufficient float. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=701673>