C long/short spotting - should we have a dedicated thread?

[New-born baby]

Apparently

lol

Spike,
Apparently! But like everything else the Lord does, the blessing only fall upon those who believe. After seeing TLAB today, I BELIEVE!

[spikefader]

hehe Ain't it the truth. CERS is a better example though. That was C long entry.

[spikefader]

CELG sets up with C confirmed today.

[spikefader]

BGO in the C down.

[spikefader]

CELG and RHAT impulsing today; a day late to the party on these now - I just scratched 'em off the stalk list.

BGO confirms the 'c' low at 3.57. Today's pivot is 3.65. Thats around 2% risk with stop under 'c'. Got an alarm set there myself.

ALKS clearly showing the 1 up now Currently +4.25%.

HANS gives a little push today, yet to prove it's an impulse, but +3.25% so far is goot and izza perfecto enteree yesterdeee.

OPLK weakness today; stop out for even. Broke the 'c' on weakness this morning and gave intraday V bottom. Anyone still long should seriously consider bailing now with this +2% profit.

MDR +5% today and perhaps doing a 2; still mainting pattern and green hope calls for a 3 soon.

OK, calling all 'c' downs. Post any 'c' downs you see occurring today. The more eyes lookin' fer these the better! Come on folks, I know you're scannin' charts out there!! Lurkers and newbies welcome to post!

[spikefader]

HANS presenting another buy opp down near the 89.60 'c' area. Stop under 'c' sub 1% is wise.
EDIT: Now bouncing off 86.15 weekly gap fill support. Failed the 'c' now, so stalk mode for it gets over 'c' again.

[spikefader]

BGO in the C down.

BGO impulsing without coming back for a patient entry I see.





So how would you have snagged this impulse? If you wanna follow the money and trend, use an hourly 20-day chart, wait for bullish psar and MFI of 70 showing money flowing into it. Trigger was yesterday at 3.78. You'd be sitting in 5.5% profit with stop to even. All great in hindsight, but it's worth pondering anyway as a trigger entry. You'd still be in if you'd done that with a 2% risk stop too....

[spikefader]

Setting up now isn't it?

In the 'c' now.

[spikefader]

ALY:
"ALY coming off 'c' and into 1. Intraday 16.30 buy is sub 2% risk if you place your stop under the 'c'."

http://www.mrmarketishuge.com/showpost.php?p=37462&postcount=33

+10% in a day, and it's just gettin' started.

And the impulse journey continues....now up 12.3% and all time highs.

Spike, ABC is incorrect....ABC is a corrective wave and the low of B has to be lower than the low of A. Your chart shows it higher.

seems simplistic counting proving (yet again) that nothin' has to be...

[spikefader]

Thanks Runner (monthly WYNN abc posted).
Here's the daily:



One might be tempted to chase this 3rd with a stop under 2?? But ideally, the first 'c' failed, and that makes me hesitant. Plus the fact that back in April there was a high vol gap down, and WYNN is currently at that resistance area. I think I'd pass on this one now, until perhaps the monthy confirms, then look for the next daily 'c' that pops up??

Looks like this 3 of 3 of 5 up is confirming the monthly now..... Wait for the 5abc and buy the next 'c'.

[Runner]

Spike, what ya think of bio stock AMGN? Might be near support..?

[spikefader]

Yep, clearly at price support. Wouldn't take it long meself though; money flow ain't too good.

[spikefader]

GNTA 'c' is in now. Man I don't like that weekly money flow. I think I'll pass on it.

2.00 was a great entry afterall......

[sekto]

great call spike! Keep em comin =]

[spikefader]

HANS presenting another buy opp down near the 89.60 'c' area. Stop under 'c' sub 1% is wise.
EDIT: Now bouncing off 86.15 weekly gap fill support. Failed the 'c' now, so stalk mode for it gets over 'c' again.

OK, in review, 1st HANS long got as good as +4% before the pattern failed and stopped out for a push today; 2nd opportunity at 'c' stopped out -1%.

All things considered, only cost -1% for 2 attempts at that perfect 'c' entry; pretty cheap if ya ask me.

Now that 'c' has failed I'm striking if from the stalk sheet as other potentials get added today, including CRED, ISV, FNX which are acting impulsive and close to correctives starting.