Spike's Scientific Stock Analysis

[Adam]

Spikefader party

I think there's gotta be a party coming to you when you hit 1000 pages on this site!!! Only 300 to go!!!

Thanx for all your help.

Adam

[spikefader]

Talx

Hi Spike!
I'm relatively new to the site but was wondering if you'ld be willing to give me some of your thoughts. Talx has been bounced around pretty good last two sessions how do the charts look now. Thanks

TALX:
Hi Olegeezer.
A big welcome to ya dude.
I like TALX cuz not only is it on the Cremey Watchlist, but it also fell back to solid support areas; channel long zone, gap support zone, daily bollinger band zone (nice tail pierces it and bounces), and daily money flow reject is good too.

The chart:

http://spikefader.wordpress.com/2006/03/08/talx-back-to-good-support-levels/

Neutral below today's low; and certainly hard stop under 27.82.

Good luck bro.

Talx

Hi Spike!
I'm relatively new to the site but was wondering if you'ld be willing to give me some of your thoughts. Talx has been bounced around pretty good last two sessions how do the charts look now. Thanks

[spikefader]

Greetings,

I took the bait on LEA,Im looking for a break down of todays low,I shorted at 18.00 yestersday,Ive been missing some good dips,so I figure jump in.

PBT got whacked just like HGT,and I missed it by letting fear keep me from shorting it.I think LEA and VC will follow suit with DCN,time and pressure look to push it down.
I set a stop for 18.44,a little more than 2%,I'd be happy with either of your targets.

cordially Tom

Good luck dude.

Considering LEA has put a double bottom in, you'd be wise to stop to even now. Not worth risking anything on this trade now...considering it got to +2% or so......and now the DB give a chance for boing.... Can always reenter. PBT yow. That failed ascending pattern repeated! Whodathunkit! hehe

Good luck.

[noshadyldy]

Nyx

Thanks Spike! I'm in.

[spikefader]

Spike, may I have your thoughts please on NYX?
Thanks.

Trend is up and 72.00 is intraday volume support. There are 2 'c' on a 1 min chart I see. c=69.75 and c= 74.50. The 1st held nicely and gave 5 impulses, the 3rd with subwaves. And the 2nd 'c' failed...led to price falling quick to find support at its 2 low. Price has meandered up since then is now back over the 2nd 'c', which is a bullish thing.

Good r/r entry for it is long 74.55 now, with a stop at 73.00 under price supports. That's only 2% risk to target new highs and impulses....target would be open until something pops up.

[noshadyldy]

Nyx

Spike, may I have your thoughts please on NYX?
Thanks.

[Rob]

Good One Spike

LOL, it's neither bearish, nor bullish; it's elephant-ish. What that is remains to be seen .... right about now it's looking more like it favors the bullish side. Oops!, dang! Lost 0.16 while I was typing this. LOL

Greetings,

Im dont know the source of the picture,I got from one of the bodybuiding sites I belong to.Its funny,at the Arnold Classic BBing show,there were alot f guys with this done.

I took the bait on LEA,Im looking for a break down of todays low,I shorted at 18.00 yestersday,Ive been missing some good dips,so I figure jump in.

PBT got whacked just like HGT,and I missed it by letting fear keep me from shorting it.I think LEA and VC will follow suit with DCN,time and pressure look to push it down.
I set a stop for 18.44,a little more than 2%,I'd be happy with either of your targets.

cordially Tom

[spikefader]

Spike, I think I may have just discovered a new chart pattern. I call it the "elephant" pattern. This one happens to be intraday on WIRE, one of Ernie's recent picks. What do you make of it?

Ah yes........very unique and rare version of a double bottom. It's the double bottom with love. Otherwise known as the elephant pattern. The TA is that the 2 love-struck elephants come together and kiss each other. After the inital kiss some other patterns fly from the chart...but I won't go into those....they're too complicated to explain and draw. Lots of impulses in those ones. hehe

[Rob]

The Intraday Elephant Pattern

Spike, I think I may have just discovered a new chart pattern. I call it the "elephant" pattern. This one happens to be intraday on WIRE, one of Ernie's recent picks. What do you make of it?

[gerihearne]

Ib

I signed up with IB Friday. Lets see how it works out. First cool thing I have noticed there that I can transfer all my account holdings from Ameritrade to them online and free!!

I'd love an update in a week or too ...
nb swears by it, looking at it as well ...
have so much to learn though, and taking things slowly (after a few impulsive buys
________
sell vaporizers

[spikefader]

Hi Spike,

This market is pretty tough. Sitting all in cash as I type this in.

Anyhow, I found IIIN today. What the heck is going on there. Talk about RSI.... It's been up for 17 out of last 18 days (and 30 out of 32)...

Very tempted to short it, but wondering what power is driving it every day. Seems like 42 was the first resistance it has met in a long while. But really, is it a resistance?

Good louck drawing 1-5 and a-c on that chart! It's impossible! So, is it still only on 1?

Would love to HEAR from you. I think even "Steckler" was stumped....

Wow, impressive stock. No attempt to count it from me. It's a booming monster. lol

This is a fine example of where being a bull with green hope pays a wonderful reward....and turns a great trade into an spectacular one.

Is it ready to retrace? Lord knows. The trend is ya friend until it isn't...but having said that, it may well be worthwhile doing three or four attempted 1% risk entries to target a 30% retrace.....maybe go for really nice looking double top formations or SHS.....maybe up near R2 intraday to increase your odds...ya might get lucky and nail a nice entry to give you some healthy retracement to a fib line.....

Good luck if you try

But frankly there are lots of weak stocks that are better looking shorts. Why try to pick tops when you can leverage weakness like PXT, MOVI, LEA, ECR, SOLD (haha it really is being sold), COGT, LBY, and PDII and be trading with the trend.

Best to ya!

[spikefader]

Sounds cool. What's "IB"?

http://www.interactivebrokers.com/en/main.php

click when finished looking at IB's site

[spikefader]

Im busy polishng my ''grill''.

hehe