Spike's Scientific Stock Analysis

[spikefader]

OSTK setting up short?

This is on my watchlist!

[spikefader]

Spike,
I have started using channels, and looking for key support and resistance levels. I use three indicators and look for certain formations and candlstick patterns. I have Identified a certain set-up that has yet to fail me. Not saying that it will work every time, but it has treated me well both long and short. My first big wins with it were a reveral long on OSTK and my ESMC Short.
Thanks again. I have a ton of server space and message board set-up if you would like to start posting more charts that are larger. Just and idea, I might launch it myself soon with some of my ideas. It will be open to everyone and free.
Thanks again
Orion

LOL what a coincidence. I had just uploaded OSTK this morning on my watchlist. The last chart I posted for it had watching for a short, but had a channel turn up before it granted an entry. Bias currently is long, with potential entry point short at the upper channel. Gotta love shorting into strength in the right setup, such as this one. Because if it does work and you get a neckline break, you get a real nice move.
When your site is set up post a link.

[IamOrion]

OSTK

I will post the link.

OSTK I remember I brought this one to you for a short candidate a couple weeks back. I made great money down and then reversed it for the ride back up. I sold to early at about 35.25

My SAFM short is lookin good so far. Approaching a 1 point profit this morning.

[spikefader]

....and my ESMC Short.

My previously posted ESMC chart was waiting for the neckline break. That happened nicely
Lookin' good so far. Nice target. You still holding?
I'll consider a short based on intraday pattern for this one.

[spikefader]

Hmm, ESMC not available for shorting with interactivebrokers.com bummer. Who's your broker?

[Websman]

Spike,
I have started using channels, and looking for key support and resistance levels. I use three indicators and look for certain formations and candlstick patterns. I have Identified a certain set-up that has yet to fail me. Not saying that it will work every time, but it has treated me well both long and short. My first big wins with it were a reveral long on OSTK and my ESMC Short.
Thanks again. I have a ton of server space and message board set-up if you would like to start posting more charts that are larger. Just and idea, I might launch it myself soon with some of my ideas. It will be open to everyone and free.
Thanks again
Orion

LOL what a coincidence. I had just uploaded OSTK this morning on my watchlist. The last chart I posted for it had watching for a short, but had a channel turn up before it granted an entry. Bias currently is long, with potential entry point short at the upper channel. Gotta love shorting into strength in the right setup, such as this one. Because if it does work and you get a neckline break, you get a real nice move.
When your site is set up post a link.

This is unreal!
Two charting experts on one board! The Vulcan gods must be shining on me.

Orion, I would love to know when you get your board going.
I'm still charterly illiterate, but am working as hard as I can to become more proficient. I figure that if I can learn Mr Markets superior fundamental analysis skills and Spikes fantastic charting techniques, I can eventually reach my goal of aquiring a very large sum of money.

[IamOrion]

ESMC

Spike I coverd on that awhile ago. I jumped in and out for about a total of 6 points. It is not a short candidate for me any longer. I played it from about 20ish down to its current levels. I use Scottrade currently, how is Interactive brokers, the only reason I keep scottrade is because of there scottrade elite software.

[spikefader]

Re: ESMC

Spike I coverd on that awhile ago. I jumped in and out for about a total of 6 points. It is not a short candidate for me any longer. I played it from about 20ish down to its current levels. I use Scottrade currently, how is Interactive brokers, the only reason I keep scottrade is because of there scottrade elite software.

6 points Very nice
Interactive Brokers is awesome. Once you've tried it you won't look back. It's direct access and fast fills. Plus the fees are great. A penny a share, which is great. Not so good for real cheap stocks, you'd be better with scottrade with a fixed fee. But IB is very reliable and very rarely has problems. They are not known for hand-holding and their service is brusk and not the best I've experienced, but what do you expect for the price As far as the platform (Trader Workstation) goes, it's awesome. Would recommend you try it.

[carribean_mike]

Spike,

I don't do alot of shorting, but I am a pretty good one now. Shorted DAL at $6.63. What do the charts say?

Thanks

[Websman]

HA HA HA!!!...........

Yes....Websman is a very happy Vulcan trader today! His human side is taking over and he is overcome with Vulcan joy and excitement!

What a Vulcan ride I took on IPIX today. Because of IPIX, I have become a little more wealthy. This was a great play with capital that I could have lost and still had $$$ to trade with. But now I have more $$$!!!
I usually couldn't have traded this one, but I'm off work this week and thought I would experiment with a little momentum trading. I got lucky. Next week it's back to regular trading.

This stock is nothing but pure hype and will drop out of sight after it finishes it's quick run. I personally don't care about the true value of IPIX as long as I made money.

Soooo.... Spike...Dude!



What is your take on IPIX? How bad is the chart on this one? I can tell you my analysis that it aint good. It only ran up because of Tom Rodge mentioned it in a speech. The chart is crazy and doesn't look good to me. I'll be up, first thing in the morning ready to pull the trigger and cash out my profits.

[Websman]

Tom Rodge???

Uh, I meant Tom Ridge.

[IamOrion]

IPIX

Those sec. stocks are gettin played something fierce lately. I made some decent money on MAGS lately. Keep an eye on MAGS for a short soon....

Nice job on IPIX. When you get a day like that it makes it so darn fun.

[Websman]

Thanks!

I just gotta make sure to get out in time to protect my profits. thats the real trick.

[spikefader]

Spike,

I don't do alot of shorting, but I am a pretty good one now. Shorted DAL at $6.63. What do the charts say?

Thanks

Just quickly without a chart, DAL has had a bullish channel break 10 days ago, and three trading days ago it came very close to the perfect channel long entry, but it didn't actually hit the channel, so maybe more downside yet.
But it may be forming an inverted SHS too, but not a very classic shape. You could argue it's got a double bottom on the daily. I would be cautious with short DAL. I would definately move my stop to even if I were in at 6.63.

[IamOrion]

ESMC

Spike,
Did you grab any ESMC, nice call.