Spike's Scientific Stock Analysis

**b_critical** · 04-14-2005, 03:58 PM

Any thoughts on OWENQ or this to speculative

**spikefader** · 04-14-2005, 04:03 PM

Originally posted by 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

Depends if you're a gazillionaire or not! or a DTrader scalper or not!

Hey, I was wrong about the lows and Vector. It remains bullish at the close! I'm still a bull for tomorrow! lol

**spikefader** · 04-14-2005, 04:10 PM

Originally posted by b_critical

Any thoughts on OWENQ or this to speculative

Long the pivot tomorrow at 4.65. Stop is the tricky part. 4% is 4.46, but it doesn't really set up as a good stop support-wise. Maybe wait for a pattern to trade it and put the stop under the pattern.

**B.J** · 04-14-2005, 04:16 PM

Originally posted by spikefader

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.

Sorry, Spike, I must have missed the day you posted it.

The channel I am referring to is the Raff regression channel tool on Stockcharts. But, I see where the ones you drew are more valid.

Still learning, appreciate your help

**spikefader** · 04-14-2005, 04:30 PM

Originally posted by B.J

Sorry, Spike, I must have missed the day you posted it.

The channel I am referring to is the Raff regression channel tool on Stockcharts. But, I see where the ones you drew are more valid.

Still learning, appreciate your help

No, you're right, I may not have posted it. This is what I was thinking about here and if you drew the weekly channel again, you can see that it didn't do a typical 'boom' to negate the profit-taking signal I don't think. And then last week's bearish candle was even more reason to take profits. But then the first channel long you see, I was posting some charts for entry and discussed the intraday double bottom formation wasn't perfect, and I think I issued a 'careful with this one' statement or sumfin. Since then it's broken that first channel long and intraday pattern, and I stopped watching it and took it off my list actually. Better ones out there.

**spikefader** · 04-14-2005, 04:34 PM

OK, market selling after hours you probably know; IBM missed. So I'm anticipating a gap down. This gap down stands a very good chance of being bought in my humble opinion.

**dmk112** · 04-14-2005, 04:35 PM

man oh man, not a good day to say the least... are we going into a bear market here??

**Websman** · 04-14-2005, 04:38 PM

Originally posted by spikefader

OK, market selling after hours you probably know; IBM missed. So I'm anticipating a gap down. This gap down stands a very good chance of being bought in my humble opinion.

My cash is safe. lol

**spikefader** · 04-14-2005, 05:00 PM

Guys, I know it 'feels' bad, but let's not get too bearish yet. Market has a valid weekly long setup approaching.

Sure, we are likely going to gap down. But consider this:
there will be a weekly channel long on the QQQQ tomorrow at 34.80ish and on the NDX at 1410ish and COMPX at 1020ish. SPX still has nice volume and price support at current weekly levels, and INDU hasn't fully weakened yet. I'm looking for a weekly channel turn down to whisper bear, and although it's approaching one, it hasn't happened yet. This market could rally tomorrow. A gap down is actually a very good time to be buying, especially considering bullish Vector. Remember, smart traders buy good support. Well that's what you'll be getting tomorrow. I suspect it will be an oversold evening, and it will be all buying from the opening bell.

**dmk112** · 04-14-2005, 05:34 PM

Originally posted by spikefader

Guys, I know it 'feels' bad, but let's not get too bearish yet. Market has a valid weekly long setup approaching.

Sure, we are likely going to gap down. But consider this:
there will be a weekly channel long on the QQQQ tomorrow at 34.80ish and on the NDX at 1410ish and COMPX at 1020ish. SPX still has nice volume and price support at current weekly levels, and INDU hasn't fully weakened yet. I'm looking for a weekly channel turn down to whisper bear, and although it's approaching one, it hasn't happened yet. This market could rally tomorrow. A gap down is actually a very good time to be buying, especially considering bullish Vector. Remember, smart traders buy good support. Well that's what you'll be getting tomorrow. I suspect it will be an oversold evening, and it will be all buying from the opening bell.

Spike, but didn't we break long term support here??

Also, I noticed ARO finished with a black candle, is that very bearish?

It was looking really good during the day but I guess it just couldn't take it anymore... your thoughts (again

).

Thanks

**spikefader** · 04-14-2005, 06:14 PM

Originally posted by dmk112

Spike, but didn't we break long term support here??

Also, I noticed ARO finished with a black candle, is that very bearish?

It was looking really good during the day but I guess it just couldn't take it anymore... your thoughts (again

).

Thanks

Are you talking about a trendline?

ARO: look on a 6 month chart for it, and find the other similar candle as today had; November. See what can happen. Candles aren't the be all and end all. Where is your entry? 29.75 could be a short-term significant low.

**Thomrich** · 04-14-2005, 06:21 PM

Greetings Spike,

Havent posted in a while,have noticed that the New Born Baby has been missing also,hope all is well.

Im looking to enter with you on a few,FRO,EFA,and Im also looking at EWA,EWZ.

Concerning this chart

echo.cx

http://img160.echo.cx/my.php?image=mcri9yy.png

This domain may be for sale!

Im looking for a channel long at 15ish,look good to you?

cordially Tom

**dmk112** · 04-14-2005, 06:25 PM

Originally posted by spikefader

Are you talking about a trendline?

ARO: look on a 6 month chart for it, and find the other similar candle as today had; November. See what can happen. Candles aren't the be all and end all. Where is your entry? 29.75 could be a short-term significant low.

RE NAZ: Yea my stockcharts is not loading now. I'll point it out later.

ARO: I got in on 30.00: keeping a stop right below there.

**Thomrich** · 04-14-2005, 06:37 PM

Greetings,

IMO,ARO looks good from here to me,and great from 29.75 as far as this chart shows.

echo.cx

http://img13.echo.cx/my.php?image=aro9ik.png

This domain may be for sale!

Ill be looking for an intraday entry on this also,thanks for pointing it out.

cordially Tom

**yaoyao** · 04-15-2005, 12:09 AM

Concerning this chart

echo.cx

http://img160.echo.cx/my.php?image=mcri9yy.png

This domain may be for sale!

Im looking for a channel long at 15ish,look good to you?

cordially Tom[/QUOTE]

Spike, I wanted to hear your opinion on MCRI too. I took the position with you at $34.80 before split on 50% retrace swing trade, but was looking for a longer term hold to exit around its fair value (current at 28.50). It's been a wild ride. When I looked at the chart yesterday, I was happy that it held well in a bad market, only to find out this morning that the news hit it so hard that my profit almost disappeared.

I also have a position in FRO and am looking to add more at this level. What do you think?

Thanks

Yaoyao

Spike's Scientific Stock Analysis

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment