Spike's Scientific Stock Analysis

[dmk112]

Is this one worth watching?

[dmk112]

Looks like the oils have broke the 50dma, but a channel long may be comeing up...

[dmk112]

AAPL, also hit a channel long, I thought they beat esitmates??

[dmk112]

This is a cheap stock that recently got some news about their asbestos claims, my dad was holding this one since 2.50 but then sold before this move.. anyway, one to watch.

[IIC]

Yeah...It could be considered a CwH

I dunno about cups. AWGI looks like it. IIC?

[IIC]

Thanks Spike...I think it is forming the bottom of the Cup...LOL

Seriously though...I am more than dissapointed in WITS after all this time...I have tied up too much in it for too long...My trading partner keeps telling me to cash out on my long terms...She may be right...I am doing a lot better on my short terms...Best, Doug(IIC)

Sure Doug!

WITS just hasn't responded yet to the pop to new highs and out of the triangle on the weekly.......and now the daily looking weak. I would have expected more support the last few weeks. Maybe there's a reason for that. If it decides to search for weekly channel support, I'd expect 12.50 to offer good support....and if that fails, look out below. Sorry it's not more upbeat Hope I'm way off and it booms!

[dmk112]

Thanks Spike...I think it is forming the bottom of the Cup...LOL

Seriously though...I am more than dissapointed in WITS after all this time...I have tied up too much in it for too long...My trading partner keeps telling me to cash out on my long terms...She may be right...I am doing a lot better on my short terms...Best, Doug(IIC)

IIC, I'm not sure why WITS is such a popular stock and any reason why you would be holding it long term. P/E suggesting already overvalued and just look at the insider transactions, all i see is sales, you don't 'want to be the last one holding the bag. Just some thoughts.

[IIC]

IIC, I'm not sure why WITS is such a popular stock and any reason why you would be holding it long term. P/E suggesting already overvalued and just look at the insider transactions, all i see is sales, you don't 'want to be the last one holding the bag. Just some thoughts.

I am well aware of the insider sales...but you have to wonder Why??? The explanation is not always simple. There are a myriad of reasons for insider sales...IIC

[spikefader]

Is Vector some system you designed? I'm really interested how this thing works. I know you mentioned that you can't share
Well, atleast FORD did good today, and ARO was holding up all day and then pulled back in the afternoon.
We need to rally here!!
http://www.rallymonkey.com/oldvideo.php

Yep, Vector is my secret bias determining system Happy to share the readings, just not what it is.

Yes, FORD did real well. Thought it was about to give the 15% profit target in 1 day! Got to +13% and maxed out. Maybe tomorrow

funny monkey vid that I'm right behind the monkey!

[spikefader]

...Did you pick anything up today spike?

No swings, just 4 quick ES long scalps this afternoon.

Ok, lets say you go long on a stock and the channel short is hit but expands, this is generally a good thing, right?

If you're long and there is an expanding channel short day then your long has a better chance than if the short channel didn't expand. The next few days are key of course and will determine if the channel is broken. If the high of the expanding day is taken out, then this is very good. If price continues up from there and clearly breaks the channel, that is great for your long.

[spikefader]

Is this one worth watching?

Yes, SNRR is worth watching. It's even worth trading short a return to today's high, with a tight stop. If that resistance holds and price drops, you're set for a good chance of a decent move. If today's high fails, then it's an expanding channel short day that is failing and you don't want to be short.

[dmk112]

New yearly lows on NAZ...

[spikefader]

New yearly lows on NAZ...

and what is your current emotion?

[spikefader]

SGTL selloff this morning (yipee for the competition) has produced a weekly expanding channel long. Caution longs, and here's the intraday pattern for the entry long.

[spikefader]

Vector, amazingly, is not threatening to change from bullish yet. The swing trade I make based on this bias indicator was made a couple weeks ago with EFA (entry here) remains in the black (just). At this point EFA is acting as I have observed; i.e. stronger move in line with the signal compared to US-based indexes. Had I taken the Qs I would be in the red. So holding long with optimism. I see the market has great potential today to bounce and rally well this afternoon.

To give an analogy; the market is stretching south like an elastic band this morning. It's a matter of whether it's going to spring north with impressive move or the band will break. Sure, it's moving opposite to my silly Vector bias, but my entry is still holding its own.