Spike's Scientific Stock Analysis

[skiracer]

Spike,
I can't upload any images but I see that
Runner can. I was wondering if it might have something to do with different ISP's. I'm using Comcast Broadband with Interner
Explorer as the browser and never had any problem before yesterday. Do you think that could be part of it. What services are you using? Anyone else having the same problems?

[spikefader]

Its kinda spooky how those fib lines work........why should that predict stock behavior? Its probably more psychology than anything else.

I agree. It's spooky. I dunno why. But I know that FIBS are everywhere in life and FIBs is an interesting subject.

who was Fibonacci? http://www.mcs.surrey.ac.uk/Personal...ci/fibBio.html

interesting stuff about FIBS
http://www.mcs.surrey.ac.uk/Personal...bonacci/fib.html

Why do FIBS work in trading?

http://www.fibmarkets.com/public/whyfibswork.html

"..can fibonacci numbers be found in nature? They are everywhere! Why are they found in art, in architecture and in music? Why are they found in the way plants grow, flower petals, seeds and pinecones, leaf formations? Your own body has Fibonacci numbers, (2 hands, 5 fingers each segmented into 3 parts), the size of fingers, limbs, facial features have Fibonacci relationships."
"..We don't really know why Fibonacci numbers are found throughout nature. But they are"
"Why do Fibonacci ratios work? Because we are human, part of nature, and because Fibonacci numbers are everywhere in nature. No one knows for sure, but that is my theory."

free FIB resources

http://www.fibmarkets.com/public/index.html

[spikefader]

I don't subscribe to the self-fulfilling prophecy about fibs. I think it's deeper than that.

[spikefader]

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

Yep, still firmly bullish.

[spikefader]

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

Oh what a difference a day can make. No, I don't feel the same. Yesterday's action (Friday) took out the channel long day low of 14.23 and gave a fresh channel turn down, which makes the long setup now invalid. There is NO reason to stay long and every reason to get out (as far as channel theory goes and my personal opinion goes).

Here's an intraday chart (well, I was going to attach one; I still can't upload )with possible count down yesterday. Now bear in mind that yesterday (in my opinion) is a day of significance; i.e. it's the day that bulls turned from feeling great about their setup to disappointed about the failure. So price action from this point (and until support is found) the stock will likely produce results reflecting that significance. Stops being taken out; bulls will be squirming out of their possibly sizeable long positions; shorters will be selling strength. This is why resistance will be holding firm and supports will be failing. Bulls extricating themselves, and bears shorting into whatever strength there is in the short rallies. This could potentially happen all the way down to the gap fill, with hardly any retracement to an R1 or R2. I say potentially. Will it really happen? Lord knows. Will you feel dumb if you exit and it bounces? Yes. But that is just emotion. And emotion is not welcome in your decision-making, only logic. Will you feel like a genius if you exit and it drops like a rock? Yes. But this is just emotion. So it's all about planning the trade and trading the plan, despite what happens later.

OK, my interpretation of yesterday's intraday chart: Once c up is completed and in you should feel safer that you have a chance to get out at a pivot or R1. If c short works and breaks 5, you should be concerned that a volatile continuation of the break down may occur and possibly quickly fill the gap at 12ish. This is the immediate worst-case scenario, which is relavent to formulating your exit strategy. How long should one hold a losing position in the face of the worst immediate case scenario? Well, it's all about risk management isn't it. There are no guarantees with it; all you can do is control what you CAN control; yourself and your exit execution. And after you've done that, not dwell on what happens immediately after you exit.

Good luck to ya.

[spikefader]

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.

WTG! Nice 1.

[rickflyboy]

Fro

Spike,

Could you give me an analysis for FRO
Thanks in advance
Richard

[spikefader]

Spike,

Could you give me an analysis for FRO
Thanks in advance
Richard

Sure. Chart is bullish for now. I have a position in it average of 51.30 and patiently waiting for it

http://img233.exs.cx/my.php?loc=img233&image=froweekly2ui.jpg

http://img233.exs.cx/my.php?loc=img233&image=frodaily23tl.jpg&gal=img233/249/frodaily23tl.jpg

[RL]

Spike thanks for Info on sgtl

[yaoyao]

Spike, thanks again for your great analysis.

[rickflyboy]

Thanks

Thanks Spike,
Nice to know what you think of my favorite stock.

[IIC]

Yep, still firmly bullish.

FWIW...I am moderately bullish still...looks like some conflicting signals,,,but vol is low which I interpret as the sellers are drying up...But then again...EPS season getting into high gear now...so???

[dmk112]

Was I the only one that had trouble getting on the website past 3 days??

[dmk112]

snip...

That's a few for ya anyway.

Thanks Spike, I finally got on the board!

[MEA_1956]

Mwrk

MWRK === As I scan my port there is only one that I would say might have the stuff to make a move upward next weak and its Mothers Works. Spike if you have some free time would you post a chart on this retail co. Looking to spend a little coin next week and would prefer to dump it into a stock I already own. T.I.A. Marlin