Spike's Scientific Stock Analysis

[spikefader]

Spike,

Did you notice RIMM's huge gap down around 30? Runaway gap--for now.

I did also notice 4 channel touches that were bought. If it happens today, that'll be 5 in a row. I'll watch . . . .

Thank You!

Yes! How could anyone miss it
The red channel turn up is likely going to get bought.

[RL]

Spike, Sorry to ask you a favor you are so busy with these charts. Just starting to study Elliott's wave theory. I'm In AUDC It's a voip play could do well? Looked at chart this morning looks like a lot of waves? Would you have any Input on this stock.
Thanks much [RL]

[spikefader]

ELN stopped out even this morning. Will re-enter, since channel long on the daily yesterday is bullish for it still. I'm being cautious with ELN and want a perfect entry.

[spikefader]

Spike, Sorry to ask you a favor you are so busy with these charts. Just starting to study Elliott's wave theory. I'm In AUDC It's a voip play could do well? Looked at chart this morning looks like a lot of waves? Would you have any Input on this stock.
Thanks much [RL]

No problem
EW will surely help you. Good choice. I don't know but the basics and am not a purist EWer. One day I will spend more time learning it. There is a LOT to it. I like simple count impulses. AUDC is complicated EW application I'm not qualified to give you a proper EW read on it. There's no clear EW wave count for me, so I'll pass
But as far as channels go, here are a couple of charts. My most aggessive buy point would have been the red arrow around 14.00. Now it's too rich for me, so I'd haggle over price. The weekly shows it's near resistance. The weekly chart shows you the perfect entry point.

[spikefader]

Cubemap update

Daily vector closed bullish yesterday. Closed my short for tiny profit at S1 and flipped long here at S1.

Now LONG QQQ at 38.66. This long is in the face of the weekly QQQ channel short, and an apparent channel short today on the daily (eesh). Therefore, I have 1% stop loss tucked under yesterday's low.
NOTE THE CHANGE TO BULLISH AVITAR

[spikefader]

SIRI Short - a spikefade setup.

I'm short SIRI here at 6.60.

Daily shows 5 wave move up, with a spike today, and an SHS formation with neckline break.

Target is a gap fill.

[spikefader]

SIRI daily chart showing waves.
A classic spikefader setup

[jiesen]

Hey Spike,

Glad to see the bull is back...

[spikefader]

ELN long again
OK folks, this is where I think it bounces

Long at 27.25
Stop a little under yesterday's low.
Let's see this baby pop!

[IamOrion]

Esmc

Hey Spike,

ESMC back down to low 9's what is your take on this. Below the 50 and 200 day moving average. I just bought some at 9.20... Sitll trying to get back into the swing of things.

[Websman]

ELN long again
OK folks, this is where I think it bounces

Long at 27.25
Stop a little under yesterday's low.
Let's see this baby pop!

I'm in at $27.24...

[Websman]

I'm in at $27.24...

I'm out...stopped out...

[spikefader]

I'm out...stopped out...

Now that's a tight stop Where'd you have it? 27.18?

[spikefader]

Hey Spike,
ESMC back down to low 9's what is your take on this. Below the 50 and 200 day moving average. I just bought some at 9.20... Sitll trying to get back into the swing of things.

Hi.
Red channel short day is working, while the blue appears to have failed today. Wouldn't want to hold it long if it closes under 9.10 I don't think.

[Websman]

Now that's a tight stop Where'd you have it? 27.18?

$27.14... I've experimented with a few daytrades, but It hasn't done too well for me. I think I'll stick to longer term trades. I lost a few bucks on ELN, but it was a good lesson. Overall, today was an excellent day for me, though. SIRI is still kicking @$$! I really have expected SIRI to pull back, but it just keeps going up.

I just got through calculating my gains and losses for the year and I'm pleased by what I see. 25%...I'm sure a lot of you have done much better, but considering this is my first year of trading, I don't think that's too bad.

Sooo...How did ELN do for you today Spike?