Spike's Scientific Stock Analysis

[spikefader]

Re: Gold Charts

From: carl_xxxxx May 7 2004 8:03PM
Title: Who would ever thunk? (Long Recommendation)

Spike, the above was taken from the clearstation boards. Is this fellow on to something (or just ON something)?

Thanks for any input.

Margie

Hey Margie.
Well, spot on rec that was. The gap down today has been bought. Silver and Gold have potential DBs. Some gaps up higher too, so I say we're going to see another bullish run up in precious metals. As mentioned earlier, some bull flags in mining companies, with very strong action and nice volume. I think we have a trend change here for them.

[noshadyldy]

Thanks Spike. I'm hoping to recover some recent losses by capturing a run in the PMs. Would hate to have to go back to my night job. I hear the girl that took over my corner is rough and probably won't give it back without a fight. So you see, you've saved me.

(please... don't anyone take that seriously


Margie

[MEA_1956]

FWIW

Whats wrong with saying [b]I'ved Been Spiked.....[b]

[noshadyldy]

That's cute, MEA. Yes, I've been spiked, quite nicely too, I might add.
(now watch, we'll one day find out that spike is a 12 year old genius and we've corrupted him.)



Margie

"after much soul searching, introspection and struggle for personal and spiritual evolution, I have come to the conclusion that I am still confused.
BUT, I believe that I am now confused on a much higher level and about more important things."

[spikefader]

[quote="noshadyldy"]That's cute, MEA. Yes, I've been spiked, quite nicely too, I might add.
(now watch, we'll one day find out that spike is a 12 year old genius and we've corrupted him.)
quote]

[spikefader]

CAG not a gem and closed this a.m for less than a quarter pain.

[spikefader]

NUTR update:
Channels not indicating a reason to exit the long from 20. Stops should be tucked under 20.53.

[spikefader]

QQQ update - channels say down. I also see a bearish SHS in there too. Looking for a neckline break in the next few weeks.

[IamOrion]

OSTK

Spike,
If its not to much trouble, was wondering if I could get your analysis of OSTK. I currently have a short position. Seems as if it has run out of steam and has further to fall.

Thanks,
Orion

[spikefader]

Re: OSTK

Spike,
If its not to much trouble, was wondering if I could get your analysis of OSTK. I currently have a short position. Seems as if it has run out of steam and has further to fall.
Thanks,
Orion

Hey Orion,
Nice short candidate. The neckline broken with volume. Where did you catch it from?

[IamOrion]

I have had it on my short list for awhile and I was gonna short it on Friday of last week, seeing how the market was acting. I caught it premarket on Monday AM at 35.80. I covered some of my position at 30.30. Any other thoughts on where it might be going. I think it is headed further south. They are offering another 1.5 mil. shares in a sec. offering. Seems way overvalued even at 33.41.

[IamOrion]

What is the blue channel support zone? Is it the lower blue line? Also, what is the signifigance of the zero line in the MACD indicator? I think the instituions may be pulling out of this thing.

[IamOrion]

and thank you very much for your fast chart response. It is very much apprieciated.

Orion

[spikefader]

I have had it on my short list for awhile and I was gonna short it on Friday of last week, seeing how the market was acting. I caught it premarket on Monday AM at 35.80. I covered some of my position at 30.30. Any other thoughts on where it might be going. I think it is headed further south. They are offering another 1.5 mil. shares in a sec. offering. Seems way overvalued even at 33.41.

Nice trade. I'd be looking at any of the blue channels to act as support. How it reacts at that point will give some indication on whether it's headed lower.

[spikefader]

What is the blue channel support zone? Is it the lower blue line? Also, what is the signifigance of the zero line in the MACD indicator? I think the instituions may be pulling out of this thing.

Any of the blue lines - that's why I worded it zone.

Zero line for indicators is viewed by many to be a point of significance. You will often see zero line rejects, which are bounces off the zero line. Nice moves often follow that. Same with a clear cross of the zero line - many take that as a reason to exit a trade. Might be CCI, MACD, RSI. It's just something to throw in as another reason to watch for movement. I don't trade a zero line cross or bounce by itself, just something to add to the overall picture.