BEL - Spike calls a bottom.

[Websman]

Tagged the low of the day...nice!

Thanks. It's not often that happens...lol

[spikefader]

hit The $4.20 target early this morning.

Thnx for givin' the heads up dude. I really appreciate that. I wasn't at the keyboard myself otherwise I surely would have posted about this one. Ended up doing a late post with some charts here http://spike-on-bel.blogspot.com/200...ely-today.html

I took advantage of it and got in at $4.15. Nice call Spike!

Thnx dude! And brilliant entry Webs!!! Ain't it grand when you nail a perfect entry??!! May it run for you and give you no grief. Hopefully it'll gap up in the morning and put a little bullish 1-day island hehe and then big volume come in.

The one thing I would have liked to see today was a channel long, but nope. Ah well, can't have it all! lol If it were me with your entry Webs, I'd take zero pain on it now; you know me...

Below today and it'll likely go to 4.00 or worse, so careful everyone. If 3.92 doesn't hold that will be high volume days not getting supported and that is bad fer bulls.

If I had to take a weighted guess, I'd be expecting today's low to be the neckline and then it'll do the SHS thing, then have to resolve that of course.

The count is a mess and I'm not even going to try to count that cuz my fuzzy logic EW is too fuzzy hehe. The money flow sure is great though....

As always people, take care with your r/r and draw a line in the sand and smile. The fact is that BEL is facing a test in the weeks ahead.

[gerihearne]

bullish thinking

Thnx for givin' the heads up dude. I really appreciate that. I wasn't at the keyboard myself otherwise I surely would have posted about this one. Ended up doing a late post with some charts here http://spike-on-bel.blogspot.com/200...ely-today.html

Thnx dude! And brilliant entry Webs!!! Ain't it grand when you nail a perfect entry??!! May it run for you and give you no grief. Hopefully it'll gap up in the morning and put a little bullish 1-day island hehe and then big volume come in.

The one thing I would have liked to see today was a channel long, but nope. Ah well, can't have it all! lol If it were me with your entry Webs, I'd take zero pain on it now; you know me...

Below today and it'll likely go to 4.00 or worse, so careful everyone. If 3.92 doesn't hold that will be high volume days not getting supported and that is bad fer bulls.

If I had to take a weighted guess, I'd be expecting today's low to be the neckline and then it'll do the SHS thing, then have to resolve that of course.

The count is a mess and I'm not even going to try to count that cuz my fuzzy logic EW is too fuzzy hehe. The money flow sure is great though....

As always people, take care with your r/r and draw a line in the sand and smile. The fact is that BEL is facing a test in the weeks ahead.

Spike, IF 3.92 holds and bel is bullish from here .. do u think bel could hit 6, even 7? Or do you think that is asking too much from the market? Personally, I'm hoping to see a swing like the action of gary sheffield's bat ... or maybe like a grand slam by a-rod. (yes, the yankee game is on tv i am distracted) But for the record, I'm hoping the SOX take it all again this year!

Most cordially,
Geri

(my 10 year old has a great influence on me)

[spikefader]

Hey Geri. hehe You bet it may.

In fact, nothing has changed from post No. 1 in this thread (long-term gap fill 20.76 target, an impressive 580%). The short-term target I mentioned was 47%, which we've seen delivered recently.

Go the SOX

[spikefader]

Heads up dudes. Brilliant numbers are in your midst. r/r setup of 380 presents for BEL today.

http://spike-on-bel.blogspot.com/2006/04/bel-1-long-setup-presents-today-with.html

Make 'em pretty!

[sisterwin2]

I pick up a few more shares on this great news..... ty for all the post

[DSteckler]

3.93 is the 50% retracement level.

[sisterwin2]

so since it fell below 3.93 what does that mean?

[New-born baby]

Bel

so since it fell below 3.93 what does that mean?

It means support failed, and that $3.93 now becomes a resistance point.

[Karel]

Well, I don't know how many people are smart enough to spot a 50% retracement, but I am not. I sold some BEL at 4.80 and the proceeds are now reinvested at 3.80. We'll see what happens.

Regards,

Karel

[DSteckler]

It means support failed, and that $3.93 now becomes a resistance point.

NB is correct. The next support level is about 3.55, the 61.8% retracement level (using the 10/31/05 low and the 3/14/06 high as endpoints).

[spikefader]

OK folks, here's the setup I see for today.

http://spike-on-bel.blogspot.com/2006/04/bel-4-setup-today.html

4% risk long with stop under lod based on channel long on the daily, and confirming inverted SHS to confirm. It's at 3.77 right at neckline support here.

Best to all.

[spikefader]

I shall remind all readers of this thread that if you want the fastest update on any blog entries I make for BEL, you want to be accessing http://spike-on-bel.blogspot.com/ first.

I will be keeping this thread updated for the journey for BEL, but there may be a delay getting it done due to time contraints.

Best to all. And remember, make those r/r setups pretty and stay focussed on discipline and trading the plan!

[spikefader]

I sold some BEL at 4.80 and the proceeds are now reinvested at 3.80. We'll see what happens.
Regards,
Karel

Congrats Karel. Nicely done.

[Karel]

Congrats Karel. Nicely done.

Thank you! Yes, I love it when a plan comes together. I added to BEL at 2.80 and decided to sell slowly out on the way up. 4.80 was my first sell point. I then picked a 20% drop to reinvest. Now I have a doubleheaded coin! The stock goes up and I win, 'cos another sell point is approaching. Or the stock goes down and I win again, as I may get a chance to get in again at a premium! Wonderful!

Unless BEL goes bust, of course.

Regards,

Karel