Spike's Scientific Stock Analysis

[kingofthehill]

good entry point right now on ELN, its down $1.30 today for no reason..whats your chart say spike

[spikefader]

Re: HDWR

Spike help me out with a little TA on HDWR. I think if it breaks through 25 it could easily run to 27.5. Is this a long or a short, fundamentals look great
thanks
TJK

[spikefader]

good entry point right now on ELN, its down $1.30 today for no reason..whats your chart say spike

getting close.... I'm estimateing 21.80 is the channel, so I'd like it to test 21.80.

[spikefader]

Go Long ELN at current levels - 22.00

Sets up perfectly here: Stop should be tucked under LOD. This intraday entry is based on inverted SHS with the entry anticipating the shoulder. If it trades lower than LOD then the setup is proven wrong and you're out with a shaving nick and not a cut or deep wound

[spikefader]

[Websman]

Websman. I'm wondering whether you've got a headache this morning from the alcohol I suspect you consumed around the time you wrote that!

Hey, you how it goes Spike. Sometimes you've got to drink a few and relieve stress!
I'm feeling much better now, thanks.

Now to serious business.

DHB. They've just won a $239.4 million contract with the government yesterday. Trading was halted before the big news, then it shot up over $3 AH, but it was flat today and closed at $12.54. This flatness today is good news to me as it still allows me a chance to profit.

So, the news looks fantastic for huge profit potential, but...what about the chart??? Should we look at achart for this one? If so, what's your opinion oh Great Chartmaster Spikfader?

Any thoughts from anyone else would be very welcome also.

[Websman]

OOPS...

Scratch the flat on DHB. I was looking at an intraday chart. It actually gapped up $3.24.

[spikefader]

DHB
Here is the chart from earlier in the thread. http://img47.photobucket.com/albums/...DHB_May_13.jpg
Was a couple days after the perfect entry and there hasn't been a channel entry since then. This is an example of why you have to be the early bird to get these perfect entries. A combination of patience, with quick execution at the right time. When you snag a perfect entry like this one, you breath easy from the get go.

And here we are today:

[IIC]

Hey Spike...Maybe it is my imagination???...But do you seem to think(in general) that there are good opportunities to buy(Everything else being good) on days that stocks take a big intraday dip but bounceback strong on the same day?

Maybe I'm being too simplistic here...but I've noticed that on at least a few of your charts, which I really like BTW, you have a buy point indicated on days like that...THX...Keep up the helpful work...IIC

[spikefader]

Hey Spike...Maybe it is my imagination???...But do you seem to think(in general) that there are good opportunities to buy(Everything else being good) on days that stocks take a big intraday dip but bounceback strong on the same day?

Maybe I'm being too simplistic here...but I've noticed that on at least a few of your charts, which I really like BTW, you have a buy point indicated on days like that...THX...Keep up the helpful work...IIC

Yes, sure do. Not your imagination
But only where price hits a channel. That is key. And in that case, 2 conditions must be met for me to feel good about buying a selloff day.
1. The chart must show a reason to look for a channel entry, ie. a daily chart pattern like an inverted SHS with neckline break, or anticipating a shoulder, or a channel break, or a channel turn up.
2. A nice intraday pattern to enter, ie. double bottom, wedge, bullflag, inverted SHS.

If 1 and 2 happens, then it absolutely is worth buying a big intraday dip. Buying into apparent weakness with a valid technical reason, with tight stops, and if the stops get taken out, not much is risked but reward can be great.

Same deal with those spiker fade setups - where you have a valid reason to short into that strength like a 5 wave move up and nice intraday pattern to enter.

These kinds of setups have pretty attractive risk/reward ratios, which is probably the best reason to like them. A couple of good trades can make up for a dozen stop outs. Ya just got to be patient and take what the market gives.

[IIC]

Good explanation...THX

[IamOrion]

NMHC

Spike
Any thoughts on NMHC.

Thanks,
Orion

[spikefader]

Re: NMHC

Spike
Any thoughts on NMHC.

Thanks,
Orion

Looking at 6 month chart, channels set up for a short just under the 40.00 area, as of today's channel anyway. Naturally, if it gets there today, look for an intraday pattern to confirm your entry point.

If you're wanting it to be a long, I'd suggest waiting to see what it does at the upper channel. Perhaps there will be a channel break or channel turn up from that high at 41.72. If that happens, then wait for a lower channel entry from the low at 32.43. Volume price looks bullish though. No distinct patterns that jump out at me.

[IamOrion]

Yeah, I'm not getting alot from the chart either, I'll just watch for a bit. Got stopped out on my second LSCP position and its really getting pounded today.

[spikefader]

Yeah, I'm not getting alot from the chart either, I'll just watch for a bit. Got stopped out on my second LSCP position and its really getting pounded today.

Just looked at the previous chart for LSCP in the thread. http://img47.photobucket.com/albums/...ading/LSCP.jpg Short was the bias sets up for short til the lower channel, then flip long.