Spike's Scientific Stock Analysis

[dmk112]

Well there goes the 200 sma on the COMPQ, who's next?

[dmk112]

Anyone know how to set the parameters for the RSI in the Medved Quotracker software??

[b_cadvantag]

Anyone know how to set the parameters for the RSI in the Medved Quotracker software??

Can't you just hit the "edit" button. Right click chart, go to settings, find RSI and on right hand side should be edit.



Tag

[b_cadvantag]

Spike,

What is your take on EDGR?

http://stockcharts.com/def/servlet/SC.web?c=EDGR,uu[m,a]daclyyay[dc][pb50!i][vc60][iUb14!La12,26,9]&pref=G


Awesome thread you have here Spike!! Thanks for the many lessons!!


Tag

[spikefader]

Anyone know how to set the parameters for the RSI in the Medved Quotracker software??

Here ya go.

[spikefader]

Spike,
What is your take on EDGR?
Awesome thread you have here Spike!! Thanks for the many lessons!!
Tag

Hey Tag.
Thanks for the feedback and welcome!
The weekly shows the double bottom leading to the significant channel bust (blue) and the formation of the green bull flag. Currently in 5th wave up to price resistance at 4.00. This is heavy resistance looking back over a 5 year chart. There will be sellers there, but should it bust them, great chance for clear sailing.

[b_cadvantag]

Thanks Spike!!

Learned something new. I typically don't look back beyond 2 yrs.

Much Appreciate the Help Spike!!


Tag

[Thomrich]

Greetings Spike,

I have opened accounts at Scottrade,one with margin,so I have shorting abilities.
Ive noticed you short somewhat regularly,would you give a resource to a novice,as I have never shorted before.

I recall reading on one of your threads,that short positions should be part of a good trading premise.It appears that the QQQQ will finally pay off for you.

With rising rates,Im leaning towards,
1. pac-asian ETFs
2. treasuries-short term
3. short positions on rate sensitive stocks.
4. Canroy monthly dist.swings.

Your opinion on the likely flow of money?

cordially Tom

[spikefader]

Hey Thomrich.

Thanks re the Qs. Good luck with the new account and your intro to the world of shorting!

A quick Google found these for ya:

http://www.daytraders.com/short_selling.html

http://www.directaccesselite.com/shorting.asp

http://www.nasdaqtrader.com/trader/tradingservices/mktregulation.stm#regsho

I would strongly recommend that you short into strength at resistance, and avoid the temptation to 'chase'. You'll put an edge in your favor. While I say that, there are times to chase, and you'll see me do it from time to time. You've just got to be very careful.

As to the flow of money, that's the sort of question I would ask you! Fundies aren't my strong point. Give me charts, a channel tool, some fancy colors and a cup of coffee and I'm more secure

I will be very interested to hear any thoughts of yours as to those rate sensitive stocks and Canroy plays, so fire away!

Best to ya.

[dmk112]

Thanks Spike

[spikefader]

Good news for bulls. Vector is showing there is the potential for a very nice rally in the market. Indexes where they are, we could bounce today big time. I'm waiting for confirmation at eod before I get too excited though.

And also, note something technically significant: The QQQQ has a 12345abc 'c' entry point. If it gets bought, we could see a multi-week rally to new highs. This is off a weekly chart, so it's not going to happen overnight....but if the c works, the next few weeks are gonna be nice for bulls.

[Thomrich]

Greetings Spike,
Well today is a day to watch a few canroys,PWI,PVX,and related PBT ,all selling off post dist.,could be channel long days,Ill watch the action,tomorrow could dump in AM again.

Also ZICA last time I looked was 4.22,Im learning patience thanks to you,but will I want it at 4.00?

cordially Tom

[spikefader]

PKI: Got this one off that list IIC posted this morning. Daily channel short today, after weekly channel turn down. Intraday 5 wave move, with double top. This is the EXACT spot that makes the most sense to short it. Shorting into strength, with daily resistance, and weekly display of weakness. Don't worry about the 'feeling' of this apparent bullish stock. It's vulnerable right here. So short it.

[spikefader]

Greetings Spike,
Well today is a day to watch a few canroys,PWI,PVX,and related PBT ,all selling off post dist.,could be channel long days,Ill watch the action,tomorrow could dump in AM again.

Also ZICA last time I looked was 4.22,Im learning patience thanks to you,but will I want it at 4.00?

cordially Tom

Looking at weekly charts for PWI, PVX and PBT, I'm thinking it's still too early to bite.

ZIVA too. I would wait on all of them.

[spikefader]

Bull is snorting.