Spike's Scientific Stock Analysis

[dmk112]

Where is Spike, haven't been around on the board for a couple of week....super busy!

[IIC]

Spike posted 2 days ago...but I'm wondering myself??? Maybe he took a break???

[New-born baby]

Lurker

Spike posted 2 days ago...but I'm wondering myself??? Maybe he took a break???

A week ago he wrote to say that he is going to back out of MM to a large degree and become just more of a lurker. He's into trading futures now.

[Thomrich]

A week ago he wrote to say that he is going to back out of MM to a large degree and become just more of a lurker. He's into trading futures now.

Greetings,
If thats true he will really be missed.He saved me many times.
cordially Tom

[New-born baby]

He's missed already

Greetings,
If thats true he will really be missed.He saved me many times.
cordially Tom

Tom,
It makes me sad. We have some great people on this forum, and I enjoy them all. As Spike once said, "This is a happy place." But it makes me sad that Spike doesn't post in the volume he used to post. He quit daytrading; he swingtrades a little, and futures is his new game. MTM says once you trade futures, stocks is child's play and uninteresting anymore.

I think he'll post here and there, and hopefully, he'll come back full bore ASAP!

[Thomrich]

Sure is lonely without Spike around. Now you have to put up with my junk charts. SPIKE: Can you hear me? Please come home!

Here's one of three:EENC


Here's number Two:PTF


Here's Number Three:ZICA

Greetings,

As far as PTF goes,I waited for a dip,about .10,its now broke above 15.20,a little more and I think we might have a run to 18.Your thoughts NBB.

cordially Tom

[New-born baby]

You are probably right, Tom

Greetings,

As far as PTF goes,I waited for a dip,about .10,its now broke above 15.20,a little more and I think we might have a run to 18.Your thoughts NBB.

cordially Tom

Tom,
I consulted the chart and put a buy order in for $14.06. The high oil price has prevented PTF from falling post ex-date. I still am going to get a lower price or forget it. Reason: it is going to pull back sooner or later. I want the pullback price.

Will it hit $18? Chart says so. When? I don't know.

Will try to post a chart later: too busy now.

God bless,

[B.J]

Newborn, how do you like that triangle breakout for PRZ? I'm considering getting in.

It's about 5% above it's ideal entry, though, so I would start small.

[spikefader]

Hiya folks. Just checkin' in after a break. Hope you're all trading with discipline and plans and Mr.Bull has been kind to your positions.

@Webs: I've already given a few links for emini websites worth a look not too long ago; I don't really spend much time looking on the web for futures material any more. I used to research it a lot and settled on some setups that have been good for me.

@Thomrich: sorry for the delay! few chart thoughts today:
Hey, wow I just looked at EENC Now that move WAS a nice one out of the triangle, and it's nice to know I can still pick a long bias every now and then hehe

@b_critical: Re OWENQ, I'm not liking the potential double top on the weekly, nor the channel short on the weekly a month ago. I'd wait for this one to develop.

@Newborn: lol "please come home". I'll be poppin' in and out for sure. Your charts have great thoughts in them by the way As Tom says, thanks for subbing! Yep, I'm 100% focussing on system trading eminis and by day's end I'm beat and need family time; Yes, I'm swinging stocks only now and daytrade YM ES NQ and ER, thus my absense. I'm still lurkin' here though. I think I've pretty well explained the channel system in this thread, so ya'll should be able to duplicate what I would do on a chart. Channel turn ups, turn downs, channel longs, shorts, vol by price points, wave counts, patterns like flags, triangles, wedges, scallops etc...and perhaps FIB retraces. But channels are the big one I like for stocks. Wait for the channel hit or turn, then go intraday for pivot point entries, or patten entries. Tight stop, target long. Great risk reward and sensible money management and you can't go wrong.

I'd ask that if ya'll want an interpretation on a stock, draw a chart up the way you'd think I would and post it. I'll then critique it, and this will encourage your own development of ideas and signicant points in the chart. Thanks in advance.

Well, I'm gonna go read the other threads and try and catch up. Then it's back to the family. Have a great weekend all, and good luck with the trades!

[New-born baby]

God bless the Spike!

Spike
Great to hear from you. God bless you!

[Websman]

Good to hear from you Spike. I may join you in futures trading one day after I get more experience and time.

Keep up the good work and make a pile of money!

[spikefader]

Thanks Newborn....God bless you too!

Hiya Webs. Now there's something a Vulcan needs to do; master the futures I think you'd enjoy them and the challenge they provide. Here's a few thoughts for you to write down and ponder:

I don't think anyone would disagree that they are a mystery all of their own, and the 'setups' to discover are so many and varied; yet often it seems successful ones are sometimes bashful and sneaky, and have the potential to catch you on the wrong side of emotion when you least expect it. This ground is where you WILL be taught about regret; fear; greed; euphoria; disbelief; shock, and plain and simple admiration for the market. Joy can be sledgehammered with a very healthy servicing of frustration. Great entries really are worth looking for. And when you get a great entry - I mean a perfect on the dot no red at all wonderful entry - hang on to it with a stop outside the closest significant support resistance and give it a chance. Those perfect entries happen so rarely that they deserve a good chance.

Many people have searched for a consistant 'indicator' to use with them, and so many of them work......and then they don't, and then they do again; it it a tough place to find consistancy. There are things that always will remain in the market; they are price action, support and resistance, and volume. My advice to anyone trading futures to always remember those basics. Buy support, sell resistance; look for good risk reward calculations, and use tight stops. Be patient, oh so patient, and don't listen to the crowd. Crowd follows emotion so often. Chat rooms are filled with the undisciplined and poor 'focusers'. Success will follow mastery of one's self and one's emotion. Indicators will blind you and confuse you to the reality of real price action, and what price WANTS to do. The trick is to find out what it wants to do, not what is HAS done in its 'recent' indicator framework. Indicators are great, but they are just a tool to be used. Sometimes the using of them must embrace the expectancy that price will simply ignore an indicator because it wants to! And when it does ignore one, then that is significant, and it's what reading the tape is all about; seeing from price action what the market wants to do. Catch that early and ride it til it's done. And remember that chop occurs often, and there's a reason for it, and that there are ways to keep yourself out of it.

Until the next raving lecture people..........Happy Fathers Day. The above is my gift to Dads who like to trade

[Websman]

Thanks Spike...and Happy Fathers Day to you!

[mtm]

Thanks Newborn....God bless you too!

Hiya Webs. Now there's something a Vulcan needs to do; master the futures I think you'd enjoy them and the challenge they provide. Here's a few thoughts for you to write down and ponder:

I don't think anyone would disagree that they are a mystery all of their own, and the 'setups' to discover are so many and varied; yet often it seems successful ones are sometimes bashful and sneaky, and have the potential to catch you on the wrong side of emotion when you least expect it. This ground is where you WILL be taught about regret; fear; greed; euphoria; disbelief; shock, and plain and simple admiration for the market. Joy can be sledgehammered with a very healthy servicing of frustration. Great entries really are worth looking for. And when you get a great entry - I mean a perfect on the dot no red at all wonderful entry - hang on to it with a stop outside the closest significant support resistance and give it a chance. Those perfect entries happen so rarely that they deserve a good chance.

Many people have searched for a consistant 'indicator' to use with them, and so many of them work......and then they don't, and then they do again; it it a tough place to find consistancy. There are things that always will remain in the market; they are price action, support and resistance, and volume. My advice to anyone trading futures to always remember those basics. Buy support, sell resistance; look for good risk reward calculations, and use tight stops. Be patient, oh so patient, and don't listen to the crowd. Crowd follows emotion so often. Chat rooms are filled with the undisciplined and poor 'focusers'. Success will follow mastery of one's self and one's emotion. Indicators will blind you and confuse you to the reality of real price action, and what price WANTS to do. The trick is to find out what it wants to do, not what is HAS done in its 'recent' indicator framework. Indicators are great, but they are just a tool to be used. Sometimes the using of them must embrace the expectancy that price will simply ignore an indicator because it wants to! And when it does ignore one, then that is significant, and it's what reading the tape is all about; seeing from price action what the market wants to do. Catch that early and ride it til it's done. And remember that chop occurs often, and there's a reason for it, and that there are ways to keep yourself out of it.

Until the next raving lecture people..........Happy Fathers Day. The above is my gift to Dads who like to trade

Could'nt have said it better myself!!!

[mooddude]

Could anybody analyze NNI? I see a lot of institutional support along the 50-day MA. But it's been going up and down like a ladder since recently. Maybe there's an explanation to that strange behavior. Is this a kind of a common pattern?