Spike's Scientific Stock Analysis

[spikefader]

Yes, and NX is doing a bullish zero line reject on the daily money flow. Big cup with handle after an uptrend. This one could really perform.

[billyjoe]

Spike,
Sorry to bother you again. The NX cup and handle is easy to spot, but what is a bullish zero line reject on the daily money flow? It sounds impressive. And I'm just happy to see volume dry up at this point. Thanks again


billyjoe

[spikefader]

Spike,
Sorry to bother you again. The NX cup and handle is easy to spot, but what is a bullish zero line reject on the daily money flow? It sounds impressive. And I'm just happy to see volume dry up at this point. Thanks again
billyjoe

Sure. Here ya go. Recently I've put those zero line rejects on the charts. The really are a curious phenomenon.

[B.J]

Well, I thought I'd analyse Mr. M's last dump

By all means, be my guest Spike

[spikefader]

Spike, whatdo you think of XWG AND KG?

XWG bull rampage today Weekly chart there is channel turn up. Daily, there is a minor channel bust/expansion/turn up all today. 15.00 is next channel resistance (from the high) and if it takes that out, the upper channel targets well at 18.50ish. If you chase the minor turn up the tricky part is the stop.

KG: On the weekly it's acting extremely bullish, expanding the minor channel that is steep. You can see what happened better on the daily; huge volume gap up, and very bullish booming channel action. Money flow has been extraordinarily good, and you can see a great bullish zero line reject on that one in early June, back when it was sub-10.00. There is a V bottom on the weekly and impressive move off the bottom. I think 20.00 is achievable in a few months perhaps weeks.

The count is tricky and it's an impressive weekly impulse there. It's a matter of when the corrective wave is going to come. I think the next small correction on the daily won't be more than a point or so, followed by another final impulse before a bigger abc on the daily that will look distinctly corrective on the weekly.

[spikefader]

By all means, be my guest Spike

haha. Well with all the meat n cheese the big man eats, it's gonna be a hard stinky experience!

[grebnet]

Prft

Can you give me a read on PRFT ( Stenz's old favorite,Hes dropped it since) Im still riding.........Good time to add???????

Thanks

[dmk112]

XWG bull rampage today Weekly chart there is channel turn up. Daily, there is a minor channel bust/expansion/turn up all today. 15.00 is next channel resistance (from the high) and if it takes that out, the upper channel targets well at 18.50ish. If you chase the minor turn up the tricky part is the stop.

KG: On the weekly it's acting extremely bullish, expanding the minor channel that is steep. You can see what happened better on the daily; huge volume gap up, and very bullish booming channel action. Money flow has been extraordinarily good, and you can see a great bullish zero line reject on that one in early June, back when it was sub-10.00. There is a V bottom on the weekly and impressive move off the bottom. I think 20.00 is achievable in a few months perhaps weeks.

The count is tricky and it's an impressive weekly impulse there. It's a matter of when the corrective wave is going to come. I think the next small correction on the daily won't be more than a point or so, followed by another final impulse before a bigger abc on the daily that will look distinctly corrective on the weekly.

Thanks Spike!

[mystiky]

How does SGR look?

The Shaw Group has been on a rampage lately (due to the rebuilding news).

Is the chart now overextended? Where would one wanna buyin? To me, it looks like support around 21.50?

This looks like the typical fast money play, and I don't want to get trapped holding the bag.

[spikefader]

IT: a great setup now.

[spikefader]

Attempting another swing long with dow futes at 10416.

Just closed this swing at 10680 for +264. Stalking another swing position long over the weekend cuz I'm so bullish I could collapse.

[spikefader]

Can you give me a read on PRFT ( Stenz's old favorite,Hes dropped it since) Im still riding.........Good time to add???????
Thanks

The gold medal add was Aug 8 channel long. Or you could have added aggressively with channel turn up from a couple days ago at 7.24, or aggressively with the 20-day PSAR/MF system 2 days ago around 7.14. Now, it's too aggressive to chase for my liking. Bid any of those prices and be patient for a pullback, or just wait for the next ambush time. Remember, adding is no different to opening your first position; it's got to be brilliantly timed, preferably into weakness and not strength. Don't slacken the standards just becuz it's an add. Good luck.

[dmk112]

Just closed this swing at 10680 for +264. Stalking another swing position long over the weekend cuz I'm so bullish I could collapse.

so why did you close the position??

[spikefader]

so why did you close the position??

well, a few reasons dmk, the first one the biggest;
* Futures rolled over this week and the front month is now December contract.
* Dow is at pretty strong daily price resistance, add that to the fact that it's had a 120 pt move from yesterday's low, it's probable an intraday discount will be offered (unless it's an insane trend up day, which is unlikely considering that top intraday SHS pattern now.
* There's a potential 5th wave completion on the 10-day chart, and I'm expecting an abc intraday pullback to R1 or if not today next week. Remember, I said I'm stalking an entry...doesn't mean I'll get it today. The way it looks, it's hanging up there, so unless in the last 30 mins the market dumps, I'll be still stalking Monday.

[Runner]

Spike what is your take on MER?