Spike's Scientific Stock Analysis

[spikefader]

phew!

Not a bad idea for a thread Hany - you can lead the charge and maybe if people want, they can throw possible candidates in too, and you can be in charge of picking the cream of the crop out of those you patterns that are posted.

I'd be watching a thread like that and I'm sure others would too. You could even do recommended buy/sells for us. I'm sure others are interested in your thoughts; certainly after that great write up you did recently for CFK.

[noshadyldy]

heads up!

i still can't get the charts to copy and post to save my life, but take a look on the nice wedge formation of DDD.

[Thomrich]

Greetings Spike,
How do you feel about a channel long on PGH today,dropped below 50dma,which is where it usually finds support,but from what I can see with my untrained eye,it looks to be hitting a lower channel touch?

Unfortunatley I bit at 21.15,where I thought it looked like it might stabilize.

Any thoughts?

cordially Tom

[spikefader]

i still can't get the charts to copy and post to save my life, but take a look on the nice wedge formation of DDD.

Yes, nice ascending triangle. That chart says up to me. Buy in anticipation of breakout, with stop under the ascending line is a good play.

[spikefader]

Greetings Spike,
How do you feel about a channel long on PGH today,dropped below 50dma,which is where it usually finds support,but from what I can see with my untrained eye,it looks to be hitting a lower channel touch?

Unfortunatley I bit at 21.15,where I thought it looked like it might stabilize.

Any thoughts?

cordially Tom

I like that channel long. Great spotting! As far as the best intraday entry, it's had a double bottom, and is forming a descending triangle. The place to take it long will be the triangle break on the bullish side, with stop under lod. Keeps R/R good, and if it's going to take off, that will be the time. If it fails, it might be headed to the weekly lower channel near 19.50. That would be the next place to try for a long.

[B.J]

Spike, I'm seeing a narrowing trading range on EZPW, looking like a triangle formation. Do you see that same?

[spikefader]

Spike, I'm seeing a narrowing trading range on EZPW, looking like a triangle formation. Do you see that same?

Yes. And do you see the 12345abc? The c entry at 18.66 is a great play. And look at the triangle breakout today, with a nice wave from 19.45 up to 19.97! 19.55 was the breakout by the looks. Will pay to buy support now, but the best entry was the c.

[B.J]

I've been in since 19.25 as a partial buy, but I had no idea it would take off this quickly. Now over 20.20, I guess I'll have to wait for pullback to add.

[spikefader]

...had no idea it would take off this quickly. .....

LOL, ya that's what triangle breakouts after 12345abc moves can do! It's like everyone and their dog, and all the late party goers see the obvious and there's no caution in the wind To see the whole thing at the C is what makes you the smartest in the crowd
Great entry at 19.25! Hold that sucker for another 5 wave move, or upper channel!

[spikefader]

Thomrich, so with PGH, attached is the intraday chart. A bit more patience on your part to wait for the support to show in the form of double bottom, with triangle formation, and the break is the entry, with stop under lod, so your risk is low, but the reward is good.

[dmk112]

Spike,

my DHB took a hit today, where do you see this thing going? Next strong support?

Thanks

[dmk112]

rather than a hit, more like a beating...

[Thomrich]

Thomrich, so with PGH, attached is the intraday chart. A bit more patience on your part to wait for the support to show in the form of double bottom, with triangle formation, and the break is the entry, with stop under lod, so your risk is low, but the reward is good.

greetings,
unfortunately I bit in the AM well above a good entry.I dove in at low 21s,Im used to the post div. selloff,but this fell through the 50dma which I use as a reference.

After hours it sold off to 20.52 0n 300shares,I dont think that means much,but it makes you wonder.Its likely to swing wild in the AM,so Im a little hesitant about placing a firm stop.

Looks like this may wipe my profit from yesterdays EENC trade.

This daily candle appears dismal to me,am I correct it will likely drop more tomorrow based on todays action?

cordially Tom

[spikefader]

Spike,

my DHB took a hit today, where do you see this thing going? Next strong support?

Thanks

Hey dmk.
I was talking to Webs today over here http://www.mrmarketishuge.com/forum/...&postcount=308 cuz he bought into it during the drop. Read the thread from that post and you'll read my sentiments. In a sentence, I don't like it long, and if today's low fails, it's in big trouble. Gap fill potential, even though they may look like runaways based on the volume. On the bull side, you do have the support today after the gap fill, and it was rocket support. Hope that helps.

[spikefader]

greetings,
unfortunately I bit in the AM well above a good entry.I dove in at low 21s,Im used to the post div. selloff,but this fell through the 50dma which I use as a reference.

After hours it sold off to 20.52 0n 300shares,I dont think that means much,but it makes you wonder.Its likely to swing wild in the AM,so Im a little hesitant about placing a firm stop.

Looks like this may wipe my profit from yesterdays EENC trade.

This daily candle appears dismal to me,am I correct it will likely drop more tomorrow based on todays action?

cordially Tom

Well you had your plan by the sounds of it, it just didn't work out. Time will tell if the AH trade means much, but it's up again at 20.66, so I'm still comfortable green lighting that channel long triangle buy at 20.66 with a tight stop. It needs to hold tomorrow to justify staying in.

Some ridiculous, but perhaps helpful thoughts: If it fails, it fails, which means it fails, and the set up fails, so if it fails, I may be a failure if I hold it, and failure could mean dismal failure through stubborn holding, and failure sux, and success is what I want. Success in a trade, a real succesful trade, usually happens quickly and one is rewarded without thread of failure. So if I get quick failure, then it's not a success, and I should get out. LOL.

Silly, but the more I typed the more I realized that I'm doing the right thing when I get out after a quick failure, taking minimal loss, than holding and watching a drop, wondering why.