Spike's Scientific Stock Analysis

[Dave]

Spike,

I would not normally bug you with a request, but could you take a look at UTSI for me? There is some heated discussion about current technical signs on one of the UTSI boards, and I want to see what someone with some proven skills says.

Thanks!

-Dave

[Runner]

Sorry was looking @ wrong chart

[Websman]

Spike, you were right on with SIRI. Great job!

[spikefader]

..a couple of penny dogs - TMTA and RMSG. Any thoughts on those two.

TMTA doesn't grab me at the moment. I'd like to see a channel long entry from those recent lows. The small gap recently resisted so until it gets over that area it's neutral for me. Volume by price on a 6 month chart also shows resistance at the gap area. But nothing particularly bearish about the chart. If anything, it's setting the right inverted shoulder of SHS now, and if THAT's true, then it would project to prices above 4.00. I would be very tempted to go long at that little gap down at 1.74, which would be near the channel now....
If you were looking to add anywhere, that would be where I'd do it, but it wouldn't look too good if the head at 0.96 fails to hold. Hope that's helpful!

RMSG: Those spikes don't make it easy with channels, but it is showing strenght from breakups on minor channels recently... but .25 needs to hold.
I notice spikes get sold on this one....

[spikefader]

Also, Spike, did you give a projection before on SIRI's future price?
thanks again.
margie

Yes, I did give one somewhere recently. I recall posted some thoughts on a long term move to 30s??? I think from memory, but I can't find the post. Help me out someone What did I say.... Or maybe I was in the middle of posting it and the power went off or something....I don't know. But the 4 year regression channel shows low 20s as possible.
And as far as waves long term, we could be in the 3rd of a huge one, with the 1st wave of it having a truncated 5th (failed to go over the top of the 3rd is what that means), with the bigger 2 ending at 2.01. If it is a huge 3, then the move COULD potentiallly be enormous by the time it finishes 5 waves. There's a good chance it's only finished the 1st wave of 5 in that 3rd wave too.
But these concepts are hard to comprehend considering the fundies right now. But remember, there could be news that we don't know of yet....
Remember, this is the game of speculation. This may well turn out to be another TASR type mover.

Speaking of TASR, by gosh look at a 3 year weekly chart! 5 waves, ABC, C got bought....new highs to come. Oh for the love of bubbles!!!!

[Runner]

I don’t know being a newbie and all, but Spike does the 3 year weekly give a better signal of the major waves? I’m thinking it does. Then go to daily for a more closer look?

[spikefader]

Spike,

I would not normally bug you with a request, but could you take a look at UTSI for me? There is some heated discussion about current technical signs on one of the UTSI boards, and I want to see what someone with some proven skills says.

Thanks!

-Dave

Sure. Here ya go. I'm bearish on it. Sure, a long term chart shows a case for bulls, since it bounced off good support of 12.59. BUT the daily clearly shows significant weakness with those channel breaks. On top of THAT, wave theory enters a short at current levels, based on C entry from the 5 wave move down. The weekly candle 3 weeks ago is bearish. Recent other weekly candles is suggestive of indecision and emotion. Until this chart shows some significant strength in months ahead I would strongly recommend that traders do not go long this stock. And for all the same reasons, I'd recommend a short for it with a stop above the C.

[spikefader]

Spike, you were right on with SIRI. Great job!

Thanks! Loose-soil gem hopefully. Only think I don't like is the weekly upper channel touch recently, and I'll be happier if that high is taken out with a boom.

[spikefader]

I don’t know being a newbie and all, but Spike does the 3 year weekly give a better signal of the major waves? I’m thinking it does. Then go to daily for a more closer look?

Yes, longer time frames are more significant. It's a wise practice to look at the weekly bias first, then trade the daily off it. Obviously a stock will do what it's going to do regardless of history, but as a general practice, the edge is taking a weekly bias. But don't marry a stock because the weekly is good. A market can quickly turn a bullish weekly into a bearish one. And vice versa.

[Websman]

I recommend SIRI at 7.07, which is today's pivot! Below is the daily showing nice waves, and projecting the 5th.

On a weekly (not attached) it's going to make a huge cup and handle on the weekly. Take profit at the cup resistence of 13.00 and buy the weekly handle in about March or April next yesar for a huge long-term bull run to the 30's.

LOL Well you started the madness, don't end yet!

Here is Spike's price projection on SIRI.

http://www.mrmarketishuge.com/forum/showpost.php?p=10004&postcount=1633

Webs...

[spikefader]

Thanks Webs! You can find the post number, right click it, copy link location, and paste it in a message so the link is put there for an easy click to it.

http://www.mrmarketishuge.com/forum/showpost.php?p=10004&postcount=1633

[spikefader]

Quadmap update:
Vector remains bullish and looks to close that way today, suggesting to me that today is yet another bargain buying opportunity for bulls.

[scifos]

Hi Spike, I'm looking into COGT, looks like it just had a channel turndown, and moved into the lower red channel. Could be looking for 38.2% or 50% retrace from its high @ 37.37 I am thinking this stock is a great long term hold, and trying to decide on an entry point, should I wait for a lower channel touch (and 38.2% fib retracement) to buy @ 30.30 or wait for a 50% retrace at 28.10?

Also curious if I'm right on that channel turndown, as this is the first time I've tried to find one.

[dmk112]

Thanks Spike! Have you been following ANTP? This this has gone wild, I'm looking for a pull back buy, @ what point do you think would be best to jump in?

Thanks!

[ParkTwain]

Question for you guys

Some of you must use some kind of automatic charting and trend-plotting software. I'm interested in a particular scenario. Let's say I have decided for my own reasons that I want to find any stock that is in an uptrend going back 6 months' worth of trading sessions. Is there a software package that can determine this set of stocks, then also tell me which of these plotted uptrends has the steepest upward slope over that 6 month period?

thanks, park