Spike's Scientific Stock Analysis

[spikefader]

VEXP sell resistance.

[dmk112]

Am I posting too many junky irrelevant charts in this thread?

No, no, no... Just keep doing what your doing how ever your're doing it...

SNHY, no short pattern yet?

[dmk112]

Spike, Did you trade the VEXP?

[spikefader]

As you know cashmaker was making quite a case for NGPS , I know you had analyzed it in the past... How about an update? Thanks

The weekly shows the potential for higher, no question. It is due a 5th up. Note the C entry there, wonderfully bought. But right now, it has a bearish bias because of last week's channel short. It's a minor channel, and while there hasn't been a channel short from the top, it still has work to do before I'd call a buy. If it can turn it up and break the channel, great, wonderful, bull suit on. A move up and away from the volume by price could be impressive to the 5th completion.

[spikefader]

absolutely not. we're all ears!

No, no, no... Just keep doing what your doing how ever your're doing it...

OK great There's lot of great stuff in these charts imho. Patterns repeat over and over and over and are statistically significant. It's an edge to know it for sure.

[dmk112]

Spike, ready for profit taking? What should I be looking for as a short setup...thanks!

[spikefader]

Spike, Did you trade the VEXP?

No. I was a very entertained watcher Had the shares been available to short I would have shorted the bearish break and been stopped out. But they weren't so it saved me a 2% stop out!

[spikefader]

Spike, ready for profit taking? What should I be looking for as a short setup...thanks!

Nope. Use significant lows for rising channels and significant highs for falling channels. When it comes, when you actually get the upper touch, then look for intraday pattern to confirm. Like double top, or SHS or triangle, or intraday 5th wave completion. It's got to be a clearly definable pattern. The purer the better.

The channel today is 17.07ish. Set an alarm. When it goes off, check the intraday pattern, and if it's there, trade it. Double top is best. You want to short the test of the high, and have tight stop above the high. If you're wrong, you're out with very tiny loss. If you nail it you will feel very satisfied and rightly so.

[spikefader]

SNHY, no short pattern yet?

No, while there is a weekly touch because it's still in a 5th up, it is wise to wait for a daily touch, and then look for an intraday pattern. No point looking for a pattern until it hits the daily upper channel. Daily channel today is 35.00ish, so alarms are on for it.

[dmk112]

Spike, I drew the channel from the 7.51 low (seems like the same one you drew from). And it looks like it did touch? Am i wrong?

[mooddude]

spikefader, could you draw your version of a channel for CMN? Here's what I have though I'm not sure about that since I'm new to that. Looks like it violated the upper channel.

[spikefader]

Spike, I drew the channel from the 7.51 low (seems like the same one you drew from). And it looks like it did touch? Am i wrong?

OK, yes, I agree the 6month chart looks like it hit. Let's go ahead and look for the intraday pattern. We've missed the double top. That test of the high was the place to enter with the least amount of risk. The neckline break of the SHS is the next place, with slightly more risk. It's too late for me to enter at current prices. A return of 16.40 entry is still OK.

And wouldn't you know it; I just checked the 1 month chart again, and now it's showing an upper channel touch. Go figure. OK, I feel better now. Short is the bias while the HOD remains intact. If new highs are made today or in following days, the position is a stop out, and it's a warning to bears and good news for bulls.

[spikefader]

Intraday Ford short.

[spikefader]

And wouldn't you know it. It's falling.

Oh boy...........

[spikefader]

re QQQQ post on C entry earlier http://www.mrmarketishuge.com/forum/...postcount=2782
Its failure has led to the midday selloff back to pivot and support at 36.56. This is normal meandering in a stock when it test support. But the drop can be quick