Spike's Scientific Stock Analysis

[mtm]

MTM- I lost my password to your site.

If you need it just PM me here.

[mtm]

MTM,

I hope your short makes the big $$ for you!

And if it does, would you care to teach us some tricks of the trade about recognizing strong potential shorts, targets, stops, R/R or anything else you care to talk about?

Lots of people would be grateful.

First off this is not a swing trade, just so we are clear! Actually alot of my tricks of the trade are on my site. Sorry, I would love to post them here, but do to some of the board restrictions and the time factors I can't post them all here.

I will do my best to post here as much as I can, but cannot promise anyihing due to my obligations. (to many )

I have been working on a system to pull the majority of my potential trade set-ups, but it is still in production.

Hope that answers your post?

[mtm]

be carefull... BOOM is a storng force, that thing will go 5pts in a eyeblink..make sure you have your stop in place buddy

Yes, if you are not a avid and seasoned trader don't take my short call to be a solid call. I have the alerts, ability and affordability to know when I should bail if it goes against me.

If your a seasoned trader you know exactly what I mean, If you are not do not risk it!

[mystiky]

Any comments on FORD?

Seems like the stock is making new highs on huge volume...

Any models now that 16.88 has been broken?

Thanks!

[billyjoe]

Spike,
Does INGP look promising to you? Big news today and it's trading rather low compared with recent days.Thanks

billyjoe

[Iggy]

What do the charts of UBET and ALDA say right now? Both have been bouncing during this downturn, but are up solidly at the end (if you consider today; "the end").

[stocks54]

Cme

Spike,

What's your take on CME?

Regards,
Stocks

[spikefader]

Spike,

Looking at some stocks for the long 6mo+
OWENQ entry at 4.60 stop at 4.10
LUFK entry at 29.50 stop at 27.00
RELV entry at 10.00 stop at 8.50

Could you give me you humble opinion??

Bill

bcritical: sorry it's taken 4 days to get back to you dude.

OWENQ, assuming you haven't taken that trade (you'd be stopped out now), IMO wait for the channel long day. For your suggested trade plan, your risk is 10.8% - way too high for me. You don't want anything over 4, and you really should strive to find setups with sub 2% risk. Takes more time, but it's worth it.
LUFK: the channel turn up day didn't give you a closing price or pivot entry of course; it's been strong. I think you've missed the bus on it now.
RELV: I like 10.00 to enter, but 15% risk is way too high for me to like.

[spikefader]

Spike will you take a look at SLB and tell me what you think? Thanks much If you do not have time I undestand

Hey RL, for SLB had a weekly channel short 3 weeks ago, and then last week. It's still above good vol by price, but considering the channel short on Friday and earlier in April, I'd wait for 65.00ish, which is the weekly channel support.

[spikefader]

Spike,

I don't know how reliable this is but this shows that institutions were doing the same as you. Look at the selling today.

http://thomson.finance.lycos.com/lyc...ate=&x=10&y=10

Hiya sowersnc. Interesting. Can't help but feel good about that Anyone ever tried to actually follow institutional money as an indicator?

[spikefader]

Although the volume was half of yesterday (but still much above avg), SNHY had a lower high and a lower low. And of course, closing in the red while the rest of the market went bonkers was another thing that kept my short trade open.
So, support still at above 25 and resistance at 31?
I am thinking of covering around low 27's. At least IBD has stopped pumping it!
All opinions appreciated!

channel turn up from 30.99, but still and expanding channel short. Long bias over 30.99. Potential C entry long on Friday.

[b_critical]

Thanks Spike,

OWENQ got in at 4.20 will stop at 3.90.
RELV got in at 10.00 will set stop at 9.20
LUFK missed my boat

Bill

[RL]

Spike thanks have a good week

[spikefader]

RE BOOM, I hope you guys covered this morning on your shorts. As far as channel short, is it still valid?

channel short on Friday.

[spikefader]

Spike, if you don’t mind me asking what is your short-term target on the Q’s?

Short term target is 33.80 (lower declining channel from the top). Exit will occur at Vector's lead to bullish. Remains bearish for today.