Spike's Scientific Stock Analysis

[spikefader]

Spike im tryin to get the hang of this TA thing. Im looking at SNDK, I see my buy at 27, and my sell stop at 25.50. 27 would be a buy at the lower channel of its recent uptrend and a sell stop of 25.50 would be the lower channel of its initial run up, key support.(I wish i could attach my chart so you could give me some advice)
what do you think
thanks
TJK

Here's what I see: Be flexible if you're looking for entry; the lower channel will change over coming days.
Previous charts have me bearish on SNDK http://img.photobucket.com/albums/v1...ading/SNDK.jpg

[Websman]

I hate OFG!

Uhhh...Spike. Check it out. OFG got slaughtered today...

Glad I'm not in long! lol

[spikefader]

Uhhh...Spike. Check it out. OFG got slaughtered today...

Glad I'm not in long! lol

Yep - I'm not very surprised I guess. That steep red channel failure was the warning. If that blue channel break was at all meaningful the red channel would have gotten better support. It comes back to the big SHS formation I guess. It'll be interesting if 25.00 doesn't hold!

[yaoyao]

Spike, could you check AH for me? I'd like to take profit at the upper channel. It looks like 42.50 to me. What does your chart say? Do you think it could hit the target? Thanks.

[spikefader]

Spike, could you check AH for me? I'd like to take profit at the upper channel. It looks like 42.50 to me. What does your chart say? Do you think it could hit the target? Thanks.

I agree that the most recent little channel targets 42.50

http://img.photobucket.com/albums/v145/spikefader/Trading/ahtarget.jpg

But consider this next chart's target of 45.26. I would probably take this one, since if your 42.50 is met it virtually opens the door for the upper green channel; there is nothing stopping it as far as resistence.

[spikefader]

Is market at good support? I think so.

[spikefader]

QQQ long here at 34.54 stop under yesterday's lod. SHS daily target.

[spikefader]

stop is under S1 at 34.34

http://img.photobucket.com/albums/v145/spikefader/Trading/QQQstop.jpg

[spikefader]

stop is under S1 at 34.34
http://img.photobucket.com/albums/v1...ng/QQQstop.jpg

The Qs frustrate yet again. Rack another tiny loss up (-$0.20 or -0.58%)

[spikefader]

QQQ bullish intraday pattern. I will attempt an entry at/near the neckline break at 34.46.

[spikefader]

Long QQQ again at 34.45. Stop 34.34 below S1. Target is the daily SHS target of 37.50.

[spikefader]

Risk Reward on this QQQ trade is Risk of 0.32% for reward of 8.8%;
a ratio of 1:28 - very nice if it works out. This is the plan anyway

[yaoyao]

Spike, thanks for checking the chart for me.

SIE made a nice run today, but it doesn't have a good volume. I set a stop to break even. Fortunately, it didnt take me out yesterday. I'll leave the stop as is, and see if this rally will sustain.

I remember that you wanted to get in YHOO. Did you?

I dont want to buy any more stock until the market convinced me that the pull back/sell off is over.

[spikefader]

Risk Reward on this QQQ trade is Risk of 0.32% for reward of 8.8%;
a ratio of 1:28 - very nice if it works out. This is the plan anyway

Plan concluded with successful stop loss! Next :/

[Thomrich]

Greetings Spike,
Compliments on your CDE call.

Any thoughts on SIRI at these levels?Looks tempting to me at this area.Although I think I will wait till after the end of the month due to end of sept drop Ive notived that occurs regularly.

Thanks for your input on EVOL too,has come down to the levels you said it would.
Curious if you think it might move from here?

Best trading to you and all,
cordially Tom