Spike's Scientific Stock Analysis

[Thomrich]

Greetings Spike,

Is SNAK worht chasing,wont come to me at 5.09.

cordially Tom

[New-born baby]

Thanks

OK. You are definately more flexible than I with some patterns, but hey, that's cool. And yep, you may prove correct on the down day.
Best to ya.

Thanks, Spike. Please understand what I am trying to do: learn something!
[I am not trying to "show you up." I haven't the skill to do that!]. But
that's why the 1 minute chart on KBH. I use that for daytrading. I like to hear your comments on charts so I can improve my trading.

Thanks for the posts!

[spikefader]

Greetings,
Yes EENC,too good to be true,POR over 80%,this could be the quarter they dont raise dist. Swan dive to the street.
BTW PTF went ex today and is selling,bid in at 16.70,a little above the 50dma,and looks like a lower channel touch.
cordially Tom
What happened to No Shady Lady?

I was thinking the same thing about Shady Lady. Hope she's OK.
PTF: heh, look at that emotion in the drop and bounce this morning! I think you are wise to bid 16.70. Shows good patience. I think it'll trade lower (this afternoon or perhaps tomorrow if it's stubborn) based on that V. Thanks for the headsup you throw out there too. Appreciate it. And great examples for others to learn from too.

[New-born baby]

Greetings Spike,

Is SNAK worht chasing,wont come to me at 5.09.

cordially Tom

Tom,
Did you notice that SJT has been hammered back down to $45? Seems that since oil has dropped to $65, the stock is near worthless. LOL.

SNAK isn't moving up or down these last few days. Very, very low volume stock.

[spikefader]

Greetings Spike,

Is SNAK worht chasing,wont come to me at 5.09.

cordially Tom

I'm hesitant about it. My rules with chasing channel turn ups show I would be long from 6 days ago at 5.05. The count I see it's due for a little 4 correction to between 5.00 and 5.15ish before a small 5th within a bigger 3 of 5. I don't think the r/r is there to chase it. I think more patience is going to be rewarded. Intraday there is nothing inspiring about it and conservatively look for a return to 5.10. And if it shoots without me, then that's OK.

[spikefader]

Thanks, Spike. Please understand what I am trying to do: learn something!
[I am not trying to "show you up." I haven't the skill to do that!]. But
that's why the 1 minute chart on KBH. I use that for daytrading. I like to hear your comments on charts so I can improve my trading.

Thanks for the posts!

Oh no, not at all! It's all good! Yep, it's all about learnin'. Never too old!

[spikefader]

KBH; ok, I think it's fair to say it's a 5 min intraday SHS with neckline break of the intraday pivot too, and it's targeting 72.75ish.

[Lyehopper]

SPIKE run one for me please!?

Hey Spike, take a look at PACT intraday, what do you see? Looks like some new $ stepping in.

[spikefader]

Hey Spike, take a look at PACT intraday, what do you see? Looks like some new $ stepping in.

OK, while one may see the bullish potential of the inverted 1 min SHS with bullish neckline break at the bottom intraday, and another larger 5 min inverted SHS, with the neck just breaking now at 7.94 (do you see them?), I think one should consider the bigger picture.

Yes, those inverted SHS's could lead to something, but consider this 20-day chart: I think the correct stance on PACT is a bearish one.

[Lyehopper]

Why don't you just be blunt?

OK, while one may see the bullish potential of the inverted 1 min SHS with bullish neckline break at the bottom intraday, and another larger 5 min inverted SHS, with the neck just breaking now at 7.94 (do you see them?), I think one should consider the bigger picture.

Yes, those inverted SHS's could lead to something, but consider this 20-day chart: I think the correct stance on PACT is a bearish one.

lol .... So Spike, What "EXACTLY" are you trying to say here man? You would or would not buy PACT at this level? .... JUST KIDDING!!! I GET YOUR POINT!

Thanks again Spike...

[spikefader]

KBH; ok, I think it's fair to say it's a 5 min intraday SHS with neckline break of the intraday pivot too, and it's targeting 72.75ish.

SHS target met easily and now the daily bear flag is broken....things could get rather ugly.

[dmk112]

Spike, can I get your insight on current market conditions (today)

[spikefader]

Spike, can I get your insight on current market conditions (today)

Sure can.

The Qs 'c' is failing, as is the $NDX. Vector thus far intraday showing a potential close of bearish, and if there isn't some bullishness in the last hour it will likely close bearish. Those 2 conditions may spell bear and call for me to put the bearsuit on, but I will probably stay neutral until strength returns. Why? Because on the weekly charts I still think that any downside will be for the 4 correction.

One thing to consider is the 3 completion coincided with a double top, which might make one doubt as to whether it will ever turn into a 5th, and if it does, will it turn out to be a truncated one.

But let's see what V does at close. I'll be led by that.

I am definately stalking EFA again for a sizeable position to enter on the daily c completion long. I am still pondering whether I should wait for a weekly 2 correction from that impulse.......

[spikefader]

OK, Vector closed bearish. I'm going to take a neutral stance and wait.

[Lyehopper]

Another one Spike...

I'm gonna keep em comming Spike, Till I see what you see. What's your take on MIKR?