Spike's Scientific Stock Analysis

[spikefader]

Another pattern to enter - wait for the bullish break.

[spikefader]

FRO setting up nicely for a long opportunity:

[spikefader]

[spikefader]

Channel short yesterday sets up for this:

[dmk112]

ARO holding up, what do you think spike?

[spikefader]

ARO holding up, what do you think spike?

Lookin' good. The channel expanded, so caution and short target adviseable, say declining channel tag (if it happens) currently at 32.50. Adjust that figure depending on what the channel does. If your entry was a brilliant one and you're game how about this: looking at the weekly, there's a 12345abc with c long entry in Jan this year at 25.65. That was bought; completed 1, has retraced to 2, and you may have caught the 2 completion. So you could target the potential 3 completion or hold for months to the 5 completion. Now that's assuming the count is valid. You'll need to watch the weekly high of 35.10 to see what the channel from there does. If it turns up before a hit, that's a green light to hold it. If it tags the declining weekly channel, you may be wise to take profits. You have a number of options. I would not hold it if Tuesday's low breaks.

Good luck.

[spikefader]

SGTL triangle pattern didn't hold; invalid pattern now.

[spikefader]

OK, my weekly c long (with QQQQ) count has been proven wrong. Looking at the chart again, there really wasn't a nice weekly candle to complete that c......

Potentially, this current spike down could be the c completion. Vector remains bullish at this time, which is why I'm thinking this way. A solid bounce today and tomorrow would give that bullish looking weekly candle that would strengthen the argument.

[B.J]

Spike, just curious, what's it going to take to flip your vector? Is today a critical day?

My entry into MTXX has been holding its own also, but MAN those are rare these days!

[spikefader]

SNRR short working thus far. FACT: Resistance gets sold. Use it as an edge when combined with another trend indicator (such as my channel short signal).

With SNRR's price action now, and selling the resistance, the edge is on my side. Will it reach the target of 14.00? Lord knows. Lord also knows I've employed a definable edge to assist my entry. This is better than not doing it.

[spikefader]

Spike, just curious, what's it going to take to flip your vector? Is today a critical day?
My entry into MTXX has been holding its own also, but MAN those are rare these days!

OK, here's where Vector stands. It is getting close to flipping; it's threatening to flip. I predict if today's lows on the indexes do not hold TODAY, it will flip.

Tomorrow is a different story and depends on overnight action and the open. I can't predict how it will stand in the morning.

For now though, there are bargains out there and I will be adding to my EFA position this afternoon, as I am seeing a nice inverted SHS forming. The neckline break at around 158.70 will be the add. I'll be keeping a tight stop on this add though.

[spikefader]

My entry into MTXX has been holding its own also, but MAN those are rare these days!

Now there's a nice chart for ya. Channel long day back in early March and now a channel turn up from the 12.60 high, as of today. It's worth chasing long at the pivot tomorrow I think. She's ready to take off!

[B.J]

Thanks Spike! If I wasn't so lazy and slept in yesterday, I would have picked some more up at 19.22. As it is, I have 900 shrs at 11.69. I suppose that's enough of one position in a market like this, anyhow

[B.J]

Spike, SNHY touching lower channel from 2/28 low. Would you consider that a valid low for channeling?

[spikefader]

Spike, SNHY touching lower channel from 2/28 low. Would you consider that a valid low for channeling?

No, this is a very bearish stock right now. I posted a weekly upper channel hit for profit taking not so long ago, and today's chart sets up only for caution longs, steer clear of it.