Spike's Scientific Stock Analysis

[spikefader]

Spike, I’ve brought up WEBX before and I’m not interested in buying it. I’m trying to make sense of what the chart reads. I see a 1st wave up from the 17.60 bottom to the 27.00 top. It then moved into wave 2 (61.8%). This would have been a great time to buy off the 20.44 low with anticipation of a wave 3 up. Now I don’t know if it has entered a sub wave abc or what? Can you assist me in this?
ThaX,
Runner

This is how I see it.

[spikefader]

Also I backed up the time 3 years and I’m trying to determine the larger move. I’m thinking it may be in a wave 5 move? Not sure about this. I plot wave 1 from 8.04 to 25.34, wave 2 from 25.34 to 17.25, wave 3 from 17.25- 32.96, wave 4 from 32.96-16.51 and wave 5 from 16.51-? Looking at the fib-grid from 8.04 it seems that the price is sitting near the 38%.I also see a possible head and shoulders.

And here's what I see on the weekly:

[spikefader]

Those WEBX charts really scream buy for long-term. The black C entry on the daily corresponds to the black 2 entry on the weekly. That was a really smart place to buy it. I am going to try for entry on this one myself. Love those charts!! Patience is the key. I intend on waiting for an intraday selloff to support zone somewhere.

[spikefader]

CME: Mr Market's latest pick.

Hate to say it, but he's chasing a 5th wave on the weekly. Something to keep in mind. If the recent channel long that I posted as a missed opportunity actually doesn't hold, then I'd be very bearish on the sucker.

If you MUST enter today, look at the intraday chart I've attached.

[spikefader]

I am recommending traders wait until the 50% retrace to enter CME.

Research has shown that waiting for a 50% retrace on Mr.Market's picks is a very profitable practice! But the question is: do you have the patience of a Vulcan?

[spikefader]

OR here for CME:

[Runner]

Spike- I got a lot to learn about EW. Thank you for your time.

[spikefader]

Spike- I got a lot to learn about EW. Thank you for your time.

lol So do I! Purists might likely say I completely bastardize EW theory. Supposedly there are certain rules that cannot be broken. I'm sure I break those all the time. When you learn EW, come back and tell me what I'm doing wrong! I just don't have the motivation to read up on it myself.

[New-born baby]

CME, et al

Spike,

Nice bull work! I like that cowboy mastering the bull!

And nice work with CME. Too rich for my blood at current levels, a 50% retrace looks much better.

[IamOrion]

Omm

Spike,
Any thoughts on the current down Trend in OMM. I shorted and 20.10. Seems like the down trend is still intact.

[spikefader]

Spike,

Nice bull work! I like that cowboy mastering the bull!

And nice work with CME. Too rich for my blood at current levels, a 50% retrace looks much better.

LOL ya, that avitar might stick as a regular for when I'm bullish Now just got to find a good bear!
Ya, CME too rich. I'm gonna haggle over the price.

[jiesen]

bear

http://www.artie.com/gif/SgtRock3.htm

how about this one?

j/k

[Runner]

Spike trying the wave thing on the Nas



Smart money bought off the 38% bounce

[spikefader]

http://www.artie.com/gif/SgtRock3.htm

how about this one?

j/k

LOL! oh yeah.

[spikefader]

Spike trying the wave thing on the Nas



Smart money bought off the 38% bounce

Yes. This is in fact the count that the expert EWs have Good reading.