Spike's Scientific Stock Analysis

[spikefader]

RSAS weekly and daily.
Yes, big gap down, but it's weak and worth shorting an intraday double top because the busts are so significant.

Target: A good target is the gap down projection, which is the end of day gapx2. Obviously I can't know that until the end of day today. But if the hod stays in place then the gap equals $2.74. So if today's high remains 12.67, then 12.67-2.74=9.93 (which is in line with the weekly lower blue channel, so it's doable). So the gap projection is $9.93. My short from 12.60 gives me $2.67 profit or roughly 26% profit. I'm only risking a stop over hod, which is 0.8% risk. Now that folks is one outstanding risk reward. Who says perfect entries aren't worth searching for. Will I get it? Lord knows. But you've got to be in it to win it!

[spikefader]

RSAS some volume thoughts:

[spikefader]

OK, lost that support.......

[spikefader]

RE DHB, low today was 8.60, a breach of .02, does that signify a channel fail? Shoudn't you give it some cushion?

Nope. Especially no after I was up 6% on the position. It would be nuts to take a loss after that. Drew my line in the sand and stuck to the plan. I'm happy. It looks slippery to me. And Lord, just checked it. It's 8.41. I'm no dummy; I know when to get out
Careful out there folks, it's a jungle!

[spikefader]

....although I did take a small position today on it.....

I hope that wasn't after I bailed! I'll have to hit you with a big stick if it was! I just see it's hit 8.26. You see why channel failures skeer the bajingies out of me?! Especially after the nice bullish bounce I got after entry. If it can't take off after that, but slides down to break even, it's slippery, and warning of the ice today.

[spikefader]

Hey spike .....Been riding SYXI since $ 10.35 on 2/16,, Thoughts on its chart....
Its also one of my picks for port . of week( which means it will probably flatten out )
Thanks
P.S. you still following PGI ? I jumped in that one at $11.18

SYXI; nice chart. Hold for upper channel
PGI still watching it. That's another great chart.
Good luck with 'em!

[spikefader]

re this C entry post for QQQQ http://www.mrmarketishuge.com/forum/...postcount=2699

C is still working and acting as support today.

[spikefader]

HI Spike, ol buddy, ol pal! Got a scenario for ya.

It goes this a ways:
Got in EZPW late in day at 14.81 after getting a nice jump (the stock, not me <grin>) I really liked it because - positive MACD divergence just started, positive OBV, increased volume, AND it made a channel long day today. (no?)
And last but not least, I think it's good because the M100 said so.

Now, It ended high and at an interesting formation (completing a bowl) and as expected it took off some more after hours and is now at 16.75, up around $3.15 for the day.

The question is, in your studies, have you seen a pattern of behavior in this type of stock the following morning. Do you think, it will tank shortly after the open (so I should grab and run first thing) and then rise back up( hopefully after I got it somewhere near it's bottom?)
What do you think, WiseOne?
Margie

Hey noshady.

Sorry this is so late! You wanted to know my answer for this morning! Doh! Apologies.

EZPW: nice buy there. I hope you bought that little pull back looking for some more waves at that price. If you did, then good fer you!

As for next day pattern after a spike up, yes, I look for a SHS formation or double top or 5 wave completion. If it's near an upper channel on the daily, it's a good shorting opportunity. Low risk high reward. You're risking a tight stop for a gap fill potential. It's all about the numbers and selling at resistance.

So as a buyer, and you're looking for exit, look for those 3 patterns (SHS, double top, 5th wave completion) You can always reenter if those patterns fail, but it's wise to sell at resistance points. Or you can look to reenter long at the C correction if there are 5 waves.

Looking at the chart right now at 16.15, I'd exit if I were still long. C failure can be dramatic.

[spikefader]

In fact, I like the sell reasoning so much for EZPW I just shorted it at 16.18.

Mental stop is 16.60. I'll watch how it acts at gap fill and then formulate an exit.

[spikefader]

EZPW weekly channel short.

[dmk112]

I hope that wasn't after I bailed! I'll have to hit you with a big stick if it was! I just see it's hit 8.26. You see why channel failures skeer the bajingies out of me?! Especially after the nice bullish bounce I got after entry. If it can't take off after that, but slides down to break even, it's slippery, and warning of the ice today.

I must have bought your shares cause after I bought I saw your post..LOL...and I'm pissed Scottrade didn't put my stop limit order through at 8.50. Not sure what's up with that. I'm trying to get out now on a bounce hopefully...looks like it was a bad buy

[dmk112]

SIM today bouncing, but on low volume, what do you think spike, is it a dump?

[spikefader]

Spike,

I hold SNRR from $14.00 when it broke out in Feb. It broke through 50MA, but the volume was not very heavy, so I'm still holding. The chart is a little weak though. What do you think of it?
Yaoyao

SNRR you're looking good as a bull

[dmk112]

RE EZPW: Entry trigger?

[spikefader]

Spike,
NINE: I wanted to take a position in it since it was $8.00, but was not sure if it broke its downtrend. It looks like that it established an uptrend. Do you think it's a good time to get in?
Thanks.
Yaoyao

I am a little concerned that it might not have the ability to break out of the ascending triangle. If it breaks south, don't take it. I'd wait for a closing break and then buy S2 intraday, but only if I had to take a position. There are better ones out there imho.

Good luck.