Spike's Scientific Stock Analysis

[skiracer]

Apologies for the delay in replying to this, and anyone else I skipped over. I thought I'd have time to work my way back and ran out of time.

I'm a captain!? lol OK, but I think I better get voted in!Any other budding TA captains out there? Maybe we rotate week about. OK, um, let me see if I can get that last team member. Calling all TA traders. We need one of you! Perhaps a momo player like IIC!

I'll head over to the other thread now and catch up on whatever I've missed.

Doug,
Doug would be great. Doug, are you in there. You're being drafted into duty. Pack up your gear and report to the TA building at Mr. Market is Huge headquarters ASAP. This is going to be fun.

[spikefader]

Hey RL. KFX; It spiked up today to a channel short and there is a double top intraday now to confirm that short setup. Bearish on it until today's high is taken out convincingly.

and it did it convincingly. If it takes out that triple top, look out.

[Runner]

and it did it convincingly. If it takes out that triple top, look out.

Hey Spike thanks for mentioning a triple top. Does it not look as if NX has popped a triple top?

slop chart

[spikefader]

Spike,
I know little of charts, but it seems common sense that a stock having a chart going up at a 45 degree angle as many of Mr.Markets picks do is less likely to then turn and drop than a stock with a gradual upturn or a flat line . I look for certain angles but can't figure out most of the lines you draw over them. How about a simple tip. Why don't I hear anything about "Darvas Boxes"? Are they relevant? Thanks,
billyjoe

Well less likely or not to turn down relative to angle of 45 degrees......let's see. Well, the way I see it is it comes back to support and resistance. It comes back to low and high volume gaps. Definately larger patterns relative to the 45 degree moves. I am not sure whether the degree of angle would be more important than those things, and plenty more like divergences and trendline breaks, and channel tags.

When you say you can't figure out the lines next time that happens, throw a question up. It's all pretty accountable stuff, admittedly with some creative charting license involved hehe

Darvas Boxes, shoot what are they! lol

A simple tip: don't eat yellow snow!!!! lol

[IIC]

Doug,
Doug would be great. Doug, are you in there. You're being drafted into duty. Pack up your gear and report to the TA building at Mr. Market is Huge headquarters ASAP. This is going to be fun.

I would like to...But I don't want to let everyone down if I can't be around much...Looks like I'm very busy at work the next coupla months...TA requires constant vigilance...FA, which I prefer for longer term trades is easier...But not as profitable IMO.

[spikefader]

Spike what do you think of MTLM?

Weekly channel long 5 weeks ago but then weekly/daily channel short 2 weeks ago at 27.50 that boomed down on daily, and then it's looking kind of scallopy this past month on daily. I'd have to say neutral to short bias.

[Runner]

Weekly channel long 5 weeks ago but then weekly/daily channel short 2 weeks ago at 27.50 that boomed down on daily, and then it's looking kind of scallopy this past month on daily. I'd have to say neutral to short bias.

Thanks for looking @ it Spike..

[spikefader]

Spike,
You show many stocks with bullish charts and I know you can't buy them all. Is there a pattern that would make you jump up and head to the computer terminal to place an immediate buy order ? Could you show us such a pattern , hand drawn or a real stock. Thanks
billyjoe

Channel short with confirming SHS and neckline break or double top. Or alternatively channel long with confirming SHS. Short side favored, because stocks fall faster than they rise GENERALLY

Then there's a perfect ascending triangle either pre breakout for best r/r, or post breakout with return of price to the support line. Channel turn ups are great, but not my favorite.

But how can I leave out the 12345abc c long entry. Eg, VPHM. That daily shows 4 times in 5 months that c longs work nicely, with very little if any pain.

If I had to pick between them all, I'd probably go back to the channel short day with intraday SHS or double top.

[spikefader]

Hey Spike thanks for mentioning a triple top. Does it not look as if NX has popped a triple top?

I'd go back to that broadening pattern chart for NX I posted recently. That's the pattern that fits best I think.

[spikefader]

I would like to...But I don't want to let everyone down if I can't be around much...Looks like I'm very busy at work the next coupla months...TA requires constant vigilance...FA, which I prefer for longer term trades is easier...But not as profitable IMO.

OK, np.

Thomrich or Noshady are my next invitations. Lurkers are also invited to participate, but you must first put up a chart that impresses us all lol

[spikefader]

OK, I just went through this thread and I think I caught up with everyone's questions. If I've missed you, I apologise; please repost. I don't wanna have to read through that again! lol

[Gatorman]

A New Question

Spike:
How about taking a peek at HYSL. Looks like it just broke out of a cup with handle on increasing volume. What are your thoughts?

[spikefader]

Further to LOW chart done in Feb:


Today, this is where we are. Nice chart.

[spikefader]

Spike:
How about taking a peek at HYSL. Looks like it just broke out of a cup with handle on increasing volume. What are your thoughts?

Sure. Here you go.

[spikefader]

RATE: OK, now THIS is a one of those rush to your PC screens and buy it setups. The count is good and there's a bigger pattern supporting a $36 target. Stop tucked under the 'a' or 2.7% risk to target $37.00 or 34%, a very attractive r/r of 12.5. This will be my 2nd option in the TA/FA shootout and definately I'll be trading during POTW.

Here's the chart from Sept 8th



And the current daily showing the setup: