Spike's Scientific Stock Analysis

[IIC]

LOL you mean you want to see a different bull picture!?! haha. OK, how's this one?

LOL...I was thinking about something a little more like this:

[spikefader]

CRZO. Very bullish char....Now it needs an ABC correction. At least, that's what I think Spike would say.

RL: Excellent pick.
And educational charts too

Monthly; wow.
Weekly - it says it all.
Daily - nice channel action. That light blue turn up did happen; I just don't show it there.
Last chart is the count I see. Yes, RL you are correct, I'd be looking for abc to buy. The only thing I don't like about this count is the short green C, but no matter - it's a bull on steroids, so C is short.
Where is pink 'c' going to end?
There's the gap there on unimpressive volume, so I expect it will fill during the 'c'. Buy the gap fill at 22.55 is a great play I think. Risk 4% to target pink 5th.

[spikefader]

Greetings,

Holla,holla holla,

Could be a ripe time to enter SNAK,felt stupid for taking profits at 6.30,now looking to re-enter in the low 5s if we get a CMF reject from zero.

Also HTE looks like its ready for a run,sellers keep raising the ask from what I see on the limited chart data.It pays a big monthly distribution,upper 30s seems reasonable,your thoughts Spike?

cordially Tom

LOL, thanks bro! I was watching it today as it was ripening
Looking very very good here. On the monthy, this drop looks like the handle of the cup (Cupnhandle experts; can the handle be that high????).

Daily channel long today. The 20-day chart shows 5th completion down with the abc finishing at 5.80 at end of day today. I'm expecting the c short to fail at 5.80.
The intraday chart does not show a good bullish reversal intraday pattern like double bottom or SHS yet. I will look tomorrow, but if it trades over 5.80, there is the 'c' short failure and the valid play if that happens is to bid 5.80 support and look for a nice ride north. 4% stop is $5.55 and under lod.
And if 5.80 doesn't get taken out by the bull, the play is to look for the intraday inverted SHS/neckline break or double bottom, with tight stop underneath lod for the most attractive R/R.

[spikefader]

....SNAK,felt stupid for taking profits at 6.30,now looking to re-enter in the low 5s if we get a CMF reject from zero.
cordially Tom

heh! There ya go. Very nice.

Also HTE looks like its ready for a run,sellers keep raising the ask from what I see on the limited chart data.It pays a big monthly distribution,upper 30s seems reasonable,your thoughts Spike?
cordially Tom

Looks to be in the start of a 3 of 5 within a bigger 5th on the daily. The 29.50 low was a 'c' long setup count-wise.
Channel turn up Tuesday green lighted the aggressive chase today at 31.22 or the pivot today of 31.11, which actually would have filled on the first and lowest drop of the day to 30.96. Gotta love the pivot entries on those channel turn ups. Sometimes you miss the ride by bidding the pivot, but when you do you usually don't sweat much at all

So anyway, long at 31.11 was/is the play, stop of 30.95 for only 0.5% risk to target at least 15% or 36.00ish. That's a r/r of an exquisite 300! Whether it comes back for late boarders is another matter. If it's really a 3rd up, it shouldn't.

[spikefader]

Greetings again,

Just as a side note,Kurt Wulff,energy guru #1 is calling a buy on XEC.The chart looks like a rising wedge to the upper 40s,and he see's 50s based on FA.

I am not trying to pump,but want to return some promising picks.

Any thoughts FA,or TA, on XEC would be welcome to me.

cordially Tom

XEC: yep, I concur that it's looking bearish rising wedgy.

Weekly: also shows a 'boom' in November, and a channel long 5 weeks ago. This week it's working on a channel turn up, but Fri close will be the judge of that. Based on the weekly, I'm neutral on it and want to see it do more work, but half expecting the wedge to break south. The vol by price on the weekly shows it's top heavy. If it loses 40, it will likely fall to mid 30's pretty quickly.

Daily: shows channel short on Sept 1, coinciding with a minor upper channel profit-taking tag. That channel from the top has now turned up curiously, as is the channel from the channel short day to today. Not enough to get me excited one way or the other yet.

But thanks for the heads up!

[spikefader]

LOL...I was thinking about something a little more like this:

haha, yeah I figured that was what you were thinkin'! lol
But no, I won't be putting on the bear suit until the bull is knocked out via the EW counts. Qs seem only to be in a small 2 of 5 correction within a bigger 5th after that 'c' long back in April. $SPX looks like it's in a 2 within a 3. $INDU has a channel long today at an area that's still solid vol by price support.

I dare say Vector will flip over if there is much more weakness.

But even if it does I'll only be changing my swing bias to neutral/sleeping bull while we get a corrective down.

[jiesen]

But even if it does I'll only be changing my swing bias to neutral/sleeping bull while we get a corrective down.

How about this one?

Oh wait, nevermind. That's just Sitting Bull.

[noshadyldy]

Eln

Well, been enjoying the short but it looks to be forming the right shoulder of a rev. h&s. Heads up.

[noshadyldy]

eln

it's on the 5 minute chart

[noshadyldy]

eln

hmmmm... lousy looking r shoulder.............

[spikefader]

.... stalking another swing long tomorrow.

Long Dow futes at 10595.

[spikefader]

...20-day chart shows 5th completion down with the abc finishing at 5.80 at end of day today. I'm expecting the c short to fail at 5.80.
..if it trades over 5.80, there is the 'c' short failure and the valid play if that happens is to bid 5.80 support and look for a nice ride north. 4% stop is $5.55 and under lod.

OK, overnight pattern moved the c completion to 5.94, which is still in place. But, there is an overnight inverted SHS now, with neckline break at 5.88. That's the gold medal entry today folks. Stop 5.59 is 4.9% risk.

Or you could do what I just did and bought the c failure at 5.95.

All aboard! and remember, stops save lives!

[spikefader]

How about this one?

Oh wait, nevermind. That's just Sitting Bull.

LOL, I like it. OK, I think I'll use 'Sitting Bull' as my next sleeping bull

[spikefader]

hmmmm... lousy looking r shoulder.............

ELN has channel short the last 3 days.....
I'd be holding it short if I were you. Stop to even, and look for gap fills. The volume wasn't very high for them, so they may not be runaways. Good luck!

[spikefader]

Long Dow futes at 10595.

closed at -20. Back to stalkin'.