Spike's Scientific Stock Analysis

[New-born baby]

Aci

Spike,
Look at Ole Archie here. Note today's black candle and the inside day. Looks like a trend reversal is coming his way. Would you agree?

[dmk112]

Per my avatar, I think the bull and the bear are in a poker game heads up!!

[Runner]

Spike, quick! RGLD double bottom on intraday, good to go or what?

DMK, I'm thinking to go long RGLD if it can clear todays high. Notice this stock is still in a nice up trend in a hot sector.

[Lyehopper]

Pact?

Hey Spike.... and/or anyone. Take a look at PACT. Did it wake up today? What do you fellas see?

[Lyehopper]

Spike,
Look at Ole Archie here. Note today's black candle and the inside day. Looks like a trend reversal is coming his way. Would you agree?

Hey NBB, What's a black cradle? .... Hate to sound dumb.... but.... I'm kinda dumb.lol

BTW, I'm veiwing your charts with NO problem now.

[Lyehopper]

Candle!

Hey NBB, What's a black cradle? .... Hate to sound dumb.... but.... I'm kinda dumb.lol

BTW, I'm veiwing your charts with NO problem now.

Black CANDLE! .... See! told ya I was dumb (read much Lye?). Don't know much about reading candle sticks.... What's a good reference source so I can learn?

[spikefader]

Hi Spike,

HOV looks pretty oversold on the daily chart. See chart below. Do you think HOV will bounce soon? Maybe around $48 or right here at $50? I am short at $57.87 so it probably just as well to hold through a bounce. I am not bragging, I just really do not think HOV has far to bounce.

Thanks,
Mike

I'd be holding on short FI! Target that weekly lower channel currently about 43.50. And don't make that your limit price to cover, wait for an bullish intraday pattern after a good 5 wave move down to confirm you've scooped the most of it. . It may bounce on the way down, but patience is what rewards. That's what I'd be doing anyway. Good luck.

[spikefader]

Hey Spike.... and/or anyone. Take a look at PACT. Did it wake up today? What do you fellas see?

Well anything is possible. I'm wrong often enough. But strong bearish bias for it as per last chart. Today made no difference in my book.

[New-born baby]

Black candle

Black CANDLE! .... See! told ya I was dumb (read much Lye?). Don't know much about reading candle sticks.... What's a good reference source so I can learn?

Black candle: is a black candle. It signifies that it opened higher than it closed, and that open and close was both higher than yesterday's close.

Example: yesterday XYZ stock closed at $20.00. Today it opens at $21.00, but closes at $20.20. That's .20 higher than yesterday, so it is not going to be a red candle (down day) on a stock chart. But it is black in that it opened higher and sold off. Usually signifying a trend reversal.

[IIC]

That's a bull in bed asleep. Changed from bull to neutral last night. Today, Vector is almost certainly going to close bearish. Caution on the long side. Take only the best setups and limit the downside.

Spike...If you need a nice bear avatar...I'd be happy to send you one...but only short term...Doug(IIC)

[mystiky]

Any update for HOKU?

lol, yep, stocks that double from 6 to 12 in three days with gaps are good short candidates! lol
That triple top yesterday afternoon was the whisper. Start looking for an intraday bullish pattern when it hits 10. The lower channel is at 10.50 and vol by price on the daily at 10.00. Failing there, look for 9.47 support (5% retrace), then 9.14 support (gap), then gap fill 8.04, then gap fill 6.21. They are all the supports on the way down. That first gap is low volume, so if the big volume gap fails, that is where she's headed in a hurry. Nimble traders faded the spike up, but having missed that opportunity today, the bias is long (at least while there is no channel breach) and one should look to pounce on it at the right time.

Spike,

Any update after todays action? It tested 10.10, but still closed below the 10.50 that you also mentioned.

I am thinking that maybe 9.60 is the right place to enter?

[spikefader]

Spike...If you need a nice bear avatar...I'd be happy to send you one...but only short term...Doug(IIC)

haha. I'm always in the market for nice avatars! So fire away

[spikefader]

The setups that ignore the bloodshed are like this one:

[spikefader]

Spike,
Any update after todays action? It tested 10.10, but still closed below the 10.50 that you also mentioned.
I am thinking that maybe 9.60 is the right place to enter?

Looks like it found support. It could be a big 5 wave monster and it's done the old one two so far.

The only problem for that idea is the channel short on the daily that I didn't show in the chart. Can't spot an intraday pattern of merit yet for the short setup. But considering that, I'd be holding off longs.

[Thomrich]

Greetings,

HTE ex date selloff in progress,down from high of 33.69 to 31.25.Not sure about the bottom since chart is so young.Im willing to buy below 31,would think this weekend could be big for oil as Rita hits.

cordially Tom