Spike's Scientific Stock Analysis

[spikefader]

Greetings Spike,

PTF came to me today and got in close to the LOD 16.80.Its hard for me to be patient sometimes,but it saved me .50 just waiting a day,now it can go back to 19 with my approval.

Its getting hard to wait for SNAK,kept bid at 5.09,never even came close.Looking at its recent run,I can see what you mean by testing support.I may raise my bid a little,seeing it trades fairly light,if it makes a dip to support,I want to make sure I get filled.

Another stock,LEXR,seeing as 4.73 fell yet it has rebounded,would the move back up past 4.73 have been a good signal to buy?Jack Schwagers book on TA comments that failed signals can make great buying opps.Your thoughts,

cordially Tom

Thomrich,
Greetings
PTF wanted that minor weekly channel. Intraday, I'm wondering if that's an invertes SHS on the 1 min with neckline break at 16.00. That's the gold entry, since no double bottom. I really wouldn't want to hold long if the low fails. But it's lookin' good currently.

SNAK, consider the below weekly chart. That count I have may be incorrect; it might have done the 4 correction and is in a 5th approaching price resistance. I'm hesitant chasing it.

LEXR: frustrating little one. Yes, check out the chart below on it; minor channel long followed by channel turn up, and moving away from solid vol by price. argh, I see the move today, and it traded at the pivot of 5.51!!! ahhhhhhhhh, it was perfect to chase the channel up from yesterday. Sorry for the delay in posting. (I did the chart yesterday too!)





Anyone else noticed how slow ImageShack is these days? Might have to go elsewhere. Time is MONEY! haha

[spikefader]

Looks like low 24's is the support for FORD - the question is: Will it hold it before the next step up or will it break down to the $22 level before heading back upwards?

Spike! We need help!

Sounds like you may be long at higher prices. I see the upper channel tag that signals profit-taking. Now, look for the channel long day at 20.00ish. That'll be good vol by price too.

[mystiky]

Thanks Spike

Wow - thanks for a fast reply...

Actually, I went long on FORD at around 25.50, and sold it at 28.60 (the second time it bounced into that area). All of this was on the earnings + #1 IBD debut.

So, I hold no position on it. But I really want to get back into it, and was trying to figured out if 24 is broken, what are the next stops, and your opinion is much appreciated!

So I guess I may nibble at around 22 and pickup some more if it heads lower. I think that if it breaks below $20, it might be BAD news -- but I do see that the trend is DOWN right now.

[spikefader]

Wow - thanks for a fast reply...
Actually, I went long on FORD at around 25.50, and sold it at 28.60 (the second time it bounced into that area). All of this was on the earnings + #1 IBD debut.
So, I hold no position on it. But I really want to get back into it, and was trying to figured out if 24 is broken, what are the next stops, and your opinion is much appreciated!
So I guess I may nibble at around 22 and pickup some more if it heads lower. I think that if it breaks below $20, it might be BAD news -- but I do see that the trend is DOWN right now.

You're welcome. Congrats on the trade!

Here's the weekly that suggests 20.00 too. Note that tag too. Counting the weekly, a possible is its done an 12345abc (perhaps that's a stretch), and you timed the b up. Nimble is the word for your trade

[spikefader]

Here's a link for some good commentary on the economy by Mike Shedlock. He's pretty bearish on housing and the economy.

http://globaleconomicanalysis.blogspot.com/

[spikefader]

Well, markets looking pretty weak at this stage of today. Just shorted Dow futures at 10548 for a swing.

Double top in place now at the 10580, I'll be exiting this swing if that gets taken out. Intraday Vector remains bearish, and my estimation it will stay that way at close.

Looking at EFA, I am glad I took profits on it. There is now an island reversal there with that gap down. I will now wait for a more significant discount on current prices before taking that long again.

[spikefader]

Double top in place now at the 10580, I'll be exiting this swing if that gets taken out.

Well Dow bull just woke up. Covered YM short @ 10584. Stalk mode.

[spikefader]

Well Dow bull just woke up. Covered YM short @ 10584. Stalk mode.

OK, long @ 10590. Let's see if this bull has horns.

[Thomrich]

Greetings,

Hey Spike,how bout shorting CTTY?

Cordially Tom

[spikefader]

Greetings,

Hey Spike,how bout shorting CTTY?

Cordially Tom

Maybe. I see the double top is breaking, and the count shows the c was bought from the correction of the first top, so that could point to another series of impulses. Worth watching for a daytrade for sure. Not much time left and it's finishing pretty strong. Perhaps tomorrow is the time.

[spikefader]

OK, long @ 10590. Let's see if this bull has horns.

Exit long at 10585; while it's forming a bullish broadening triangle formation, I'll exit here at resistance and look for something tomorrow.

[Lyehopper]

It ain't the horns that count....

OK, long @ 10590. Let's see if this bull has horns.

Spike, as a cattleman I must educate you on this subject. Please read the following: http://www.cattletoday.com/archive/2...ry/CT313.shtml

Hope this helps.lol

[spikefader]

Spike, as a cattleman I must educate you on this subject. Please read the following: http://www.cattletoday.com/archive/2...ry/CT313.shtml

Hope this helps.lol

LOL, OK, I'm lookin' at the wrong stinkin' thing then! I should forget about lookin' fer horns and instead I gotta confine it in a chute, grabahold of that snortin' thing and measure the circumference of scrotal size! LOL. Thanks fer the tip! That's bound to make a difference.

[jiesen]

Spike, as a cattleman I must educate you on this subject. Please read the following: http://www.cattletoday.com/archive/2...ry/CT313.shtml

Hope this helps.lol

that's just a load of bull bollocks!

[spikefader]

KBH thoughts and the PSAR/Money Flow Hourly system: