Spike's Scientific Stock Analysis

[spikefader]

KCS daily now:

[dmk112]

Spike, Can you explain how your counting the waves, I can't follow... seems like you can place them in different places..Thanks spike, you're the man!

[dmk112]

OK I went ahead and found one that I think is completing the 5th wave (?). Let me know if i'm going in the right direction, if not hit me with your charting stick! So is it shorting time yet: :>

[noshadyldy]

Thanks for everything once again, Spike. You're the best!

m

[spikefader]

OK I went ahead and found one that I think is completing the 5th wave (?). Let me know if i'm going in the right direction, if not hit me with your charting stick! So is it shorting time yet: :>

OK, see this post http://www.mrmarketishuge.com/forum/...postcount=2665
yep profit taking time.
The weekly shows a good time too.

[spikefader]

Thanks for everything once again, Spike. You're the best!

m

You're Welcome! And I still love that avitar.

[dmk112]

Thanks spike! Will look tomorrow for an entry.

[yaoyao]

Im

Spike, thanks for the analysis on SNRR and NINE for me. I'll pass on NINE for now. I have a small position in IM, and is also one of my big losers. I let it slipped over 10% now, and still waiting for it to bounce. For yesterday's action, it tried to start another down leg. Could you confim that for me? Thanks.

Yaoyao

[dmk112]

Spike, Can you look at BEBE, been wanting to get in this one...can you tell me what I should be looking for?

[spikefader]

Thanks spike! Will look tomorrow for an entry.

I'd hold off if I were you until you get a daily upper channel hit. The daily has been close to one, but no cigar. The weekly has, but I'd wait for daily confirmation. It's strong and your timing has to be perfect. Upper channel is 35.00 today and rising. A quick pop or drop to a channel and a nice pattern is THE thing to wait for. Requires patience. Remember, when you're attempting a reversal play you are jumping in front of stampeding bulls. Timing is crucial. Intraday pattern after a channel hit serves me well.

[spikefader]

Spike, Can you explain how your counting the waves, I can't follow... seems like you can place them in different places..Thanks spike, you're the man!

Sure. You're welcome.

'Different places', you mean compared to pure EW, or am I being inconsistent? Be more specific if you can, maybe an example of a chart you see that.

I will again highlight the fact that I am not an EW expert, so everyone knows that I'm not pretending to know everything there is to know about EW. I haven't studied EW in depth; it's very complicated. Runner is currently studying it and I'm sure he'll tell you. Look at some books and you may run from it as I have .

A purist would tell me the way I count is invalid because my 4th overlaps my 1st for example. I'm sure I break many other EW rules. I don't care. I don't want to study EW. It's too complicated and I don't have to. The way I count works for me; the fact that I'm 'bastardizing' EW theory doesn't matter. I'm using counting as just another 'tool' in my toolbox. Love it or hate it, you can't deny it is simple. Simplicity is what I want. I like 12345 waves with abc corrections. That's it. Nothing fancy, nothing genius, nothing inspirational, but it works for me. I've noticed that a 12345abc pattern produces a great pivot point for a c long entry. The long can be powerful, as can its failure. Using that with channels and volume and support resistance works well enough imho, without going to EW school.

[spikefader]

Spike, thanks for the analysis on SNRR and NINE for me. I'll pass on NINE for now. I have a small position in IM, and is also one of my big losers. I let it slipped over 10% now, and still waiting for it to bounce. For yesterday's action, it tried to start another down leg. Could you confim that for me? Thanks.

Yaoyao

You're welcome.

IM: The weekly shows a logical exit point in the 18.00 area with the channel bust. The daily shows a logical exit at the channel bust at 20.00. The rest of the chart is a beating with a stick for not spotting those busts.

To make matters worse, the latest purple daily channel turn down whispers lower. See that pink lower bust on the daily? A bust of the lower decling channel - that's very bad.

Hope I'm wrong of course. Good luck with it.

[spikefader]

Spike, Can you look at BEBE, been wanting to get in this one...can you tell me what I should be looking for?

Retracement.

One of those missed the bus scenarios. Chasing now I think.

[spikefader]

re QQQQ c entry here http://www.mrmarketishuge.com/forum/...postcount=2722

You can see yesterday tested that C entry, and passed

[spikefader]

QQQQ waves today.