Spike's Scientific Stock Analysis

[spikefader]

Awesome!!! My jaw is on the floor.

Your kung fu is very strong, Spike.

just a guess at the count.

[spikefader]

Spike, Take a look at VEXP...nutttss!

One word: Wow.

[spikefader]

Spike, I mean on the intra day, do you look to short at R1, etc?

No, it's more complicated than that. With EZPW for example I would have taken the 5th completion, or SHS etc. But I missed that entry cuz I was late to the party. But I still liked the setup short and so looked for a late entry and got lucky. It's not really acting too good, so I may exit soon.

[spikefader]

OK. VEXP intraday chart pattern drawing competition is open. How would you have traded it intraday?

[jiesen]

http://finance.yahoo.com/q/bc?t=5d&s=VEXP&l=on&z=m&q=l&c=gbms.ob

the worst-performing stock in the universe had a similar day today... coincidence?

[spikefader]

Thanks so much, Spike. I bailed on your command. (smile)

no problemo on not being at my beck and call. It would be nice having you at the other end of my string and tin can, but that would be selfish of me.

As for this stock, it looks to be setting up for a hanged man today.
As for the weekly channel long, i'm a little confused. When I did the 6 mo, daily on stock charts , yesterdays action expanded the descending line. ??
m

Good trade that one! Well done.
OK, that weekly chart I just did again but as I usually do, it's over 3 years, so this week's expansion doesn't look shocking or threatening. Even over 6 months, yes it expands, but it's not like price hits it and then it expands or price busts it - it kind of expands THEN price touches it (today's high), which is less impressive than price touching it then the channel expanding. For that reason it's still not a bust yet, just a caution to shorts in today.

I think it's worth a short based on the wave count, gap up, and C failure. I'll just be targetting short I think - maybe gap fill or if I'm really temped by price action perhaps 15ish. To take long again, you want it to prove it to you. You take your profit at logical resistance, then wait for it to prove it is worthy of another entry. This could easy go back to 10.00 support and if you held you'd kick yourself, especially considering the intraday patterns combined with the daily bearish candle.

[spikefader]

Spike,
Is this a valid triangle break for a short?

Well maybe. Depends what the daily or weekly is doing. You're using a line chart type, and I don't like 'em. But as far as the action after the triangle, it was proven right, so it's valid Not sure I'd risk doing it without knowing the other stuff though......

[spikefader]

Spike,

can you comment on CULS...Remember a few days ago it hit that pivot nicely @ 10.80 or so, but has been falling since. What do you think here as a pull back buy?

The minor channel long it had yesterday didn't give you a good pattern to enter on. Today it broke yesterday's low, and seeing no pattern yet, I'd pass on it. I still like the chart - bullish bias still. I'd like another channel day with a good intraday pattern. Maybe tomorrow with price about 10.00?? I'd like a quick drop in the morning for a good discount and a pattern....otherwise if it meanders around it's kind of slippery....

[dmk112]

OK, I'll give it a shot 1st.

I don't know how to add text in QT(?) so the up arrows means buy, and down sell/short.

1st arrow: flag breakout (buy)
2nd arrow: Double bottom failure breakdown (sell/short)
3rd arrow: triangle breakout
4th arrow: resistance of the double bottom (sell/short)

Any good?

[jiesen]

One word: Wow.

http://finance.yahoo.com/q/h?s=VEXP

I guess this is what happens when a shipping/logistics company (VEXP) gets confused with the Vanguard Explorer Fund (VEXPX). Maybe since GBMS also owns a truck or something, they got a boost out of it, too.

Who knows, though, maybe shipping services are the next 'internets'.

go PTSI!

[spikefader]

http://finance.yahoo.com/q/bc?t=5d&s...&q=l&c=gbms.ob

the worst-performing stock in the universe had a similar day today... coincidence?

lol in the universe!

[dmk112]

Well maybe. Depends what the daily or weekly is doing. You're using a line chart type, and I don't like 'em. But as far as the action after the triangle, it was proven right, so it's valid Not sure I'd risk doing it without knowing the other stuff though......

Is this enough reason on the daily?

[spikefader]

Is this enough reason on the daily?

I like the channel short on the weekly last week. It's working thus far and likely target is lower channel on the daily at 22.00ish.

[dmk112]

Did I miss the boat here or am I on target?

[spikefader]

Did I miss the boat here or am I on target?

OK dude now THIS is a great chart to learn from. Anyone wanting to learn something profitable, pay attention or shoot yerself. This stuff works and anyone says nay is a knucka.

I think KCS is ready for another move up in the bigger structure. My last graph for it was here http://www.mrmarketishuge.com/forum/...postcount=2526
Check out this weekly count, and you can see we are likely in for more waves. I'll post a daily next post for it.

But I think yes, anticipating an inverted shoulder is a brilliant strategy. Remember though - perfect entries are doable, so time it well on intraday pattern.