Spike's Scientific Stock Analysis

[dmk112]

Its kinda spooky how those fib lines work. F(x) = F(x-1)+F(x-2), why should that predict stock behavior? Its probably more psychology than anything else.

Edit: clarification, F(x) = F(x-1) + F(x-2) is for x=[3,infinity] while F(1)=F(2)=1 Domain of F() is all positive integers.

I think it works for the same reasons why support & resistance work, well thats what it is. I think you're right, it is probably more psychology, but those fibonacci numbers appear every where. Human body, butter flies, sea shells, etc..

Its amazing how many times it does work... Look at this $COMPQ chart, using inverted fib levels, you could of predicted a rally hault if you used it (2 times!).

[dmk112]

Now here using the fib levels from the Aug low. It bounced recently on it.

[B.J]

Spike, I'm interested in knowing, do you still have on the horns? Or are you dusting off the bear suit?

[yaoyao]

SNRR you're looking good as a bull

Spike,

Do you think the same after today's action? It took out 3/28's low with a high volume. I'm thinking about selling it at R1 Monday if it gives me. What's your opinion?

Thanks.

Yaoyao

[yaoyao]

Just as well. Saved you the 2% stop out

Well spotted. And the SHS formation earlier is invalidated. It sure is acting bullish....
Maybe going to turn into a BOOM.....

I was stopped out yesterday moring at 15.59, having a good ride with FORD since 7.25. It may still be a BOOM, but no regrets.

[spikefader]

I see the site is up and running again!

nice call on the EZPW, Spike!

Hey, thanks!

[spikefader]

Spike If you get a chance do you think SGTL do you think on the way back up?

Nope. Channel short on Thursday and Friday.

[spikefader]

Spike, looks like WLK was hit with another downgrade and it hit the channel long yesterday & today. Is it safe buying channel longs on "news" or rather stay away from that type of dips?

Looks like the channel expanded though, is that good or bad?

For some reason I can't see your image. And others too........hmmmm........ nurse!

The first channel long was on Wednesday, but with expansion, which means caution, and since that day's low was taken out, I would steer clear of it now, especially given the volume by price support failure.

[spikefader]

Greetings Spike,
May I be the first to applaud your world class daily reads,Your input here is invaluable,and if you ever start an indicator service,please put atop the list.

much thanks Tom

Thanks for the raps. I'll keep you in mind if that ever happens! hehe

[spikefader]

I see thanks, I guess you have to look at ALL channels...short and long term, huh? Make any trades today, spike?

Yep, it's a good idea to get the weekly perspective! Not really, pretty quiet day. A lot of watching.

[scifos]

Re: http://www.mrmarketishuge.com/showpo...postcount=2921 your thought's spike? its a few days old now. Was wondering if I charted it right and was right to enter oh market open apr 8th. Also, what do you think of it now?

[spikefader]

Now I have a problem attaching images........... nurse!

.. are you a day trader Spike?

I day trade futures so yes. But by definition I'm not a daytrader of stocks anymore. My stock positions are entered with intent of holding for a swing. Sure, I might sell fast, but that's only because I get the swing entry wrong.

[spikefader]

Thats what I wanna hear! Any prospects for friday?
Thank you

Sure. Qs for a swing cuz it sets up for possible wave 4 entry. I'll attach a chart (edit that, I can't upload anything ) I did intraday yesterday and was trying to post but the site was down. This long set up is valid with wave 2 low holds. Target is 5 completion, or hold for a swing. Good discount since the screenshot

Another good one is EFA, also a screenshot I took during yesterday. Price has retraced since that shot to a wave 2 completion long entry to target 5 at or near price resistance of 163.00ish or beyond if you're a real bull.

Or CYD intraday c long entry I wanted to post yesterday but again site was down.

SNHY is still a valid long while Thursday's low holds (channel long day), although I'm not liking the wave count, but that could be wrong.

Other charts I like are EWA. Or KCS, a nice discount back to near weekly channel long recently. A daily channel is threatening to turn down, so KCS invalid if that happens.

CDE is setting up nicely for a short if the descending 10-day triangle breaks down. Both weekly and daily charts are bearish for that one.

Watch SCUR for a channel long to target 5th completion and/or price resistance on the daily.

SCHN discount to near channel long on daily. Looks like a 5th completion to yesterday's lows...good entry there, but wait for c short intraday setup to fail first by breaking 32.30. Nail that entry and it takes off, you could target 45 and beyond

NUTR is a very good one to watch for triangle bullish break. There is a channel long on the weekly that remains valid since last August, and it's been rangebound for a while now. I think that could be volatile move up.

MSO short side is very good. You could just about sell the open 20.55ish or pivot. It looks real slippery to me.

That's a few for ya anyway.

[spikefader]

Interesting chart I came across. Does this qualify as a buy spike because of the breakout from the (albeit loose) and the channel turn-up?

Channel turn ups can only be from highs and not lows. Yours is from a low. I just looked at it and the channel turned from starting up, to flat, and is now turning up again. I would view that as definately strengthening, but not a channel turn up. Now the channel from 58.93 is a channel turn up (maybe you were referring to that one??), so yes, that's a buy signal, but your stop is the tricky part. I may well pass on it because of that or at least wait for a discount back to 56.60ish (minor channel long on daily). That's also great volume by price area, and brings the risk % lower.

GENZ a weekly channel long still valid. It's acting very bullish in the most recent channel.

[spikefader]

Here's a Fib. setup, it tested the 50% retracement March 31 and bounced... Looks like it tested again and let's see if it bounces.

slippery and looking for a weekly channel. Daily channel turn down. Pass on this as a long. In fact, weekly channel short last week. You've missed chasing the channel turn down short at 38.50.