Spike's Scientific Stock Analysis

[Lyehopper]

Check out PARL!

I took a new long position in PARL just yesterday! GO BULL is RIGHT!!!!

http://img459.imageshack.us/img459/3296/parl112056cw.png

[Thomrich]

Greetings,

I dont mean to rain on the bull parade,but a former prime short may show some promise.



Tell me if Im nuts Spike,but I see a bounce off the upper channel,and an inverted shs failing?

Could be stalk mode?

cordially Tom

[skeew]

Spike, Could you show an example of the pivot point calculator using MOT as the stock?

[spikefader]

Lye! Parl is yipdeedoo
Good job dude.

[spikefader]

Greetings,

I dont mean to rain on the bull parade,but a former prime short may show some promise.



Tell me if Im nuts Spike,but I see a bounce off the upper channel,and an inverted shs failing?

Could be stalk mode?

cordially Tom

Good one Tom! Yep, this is worth looking for an entry short.

[skiracer]

[QUOTE=skeew]Spike, Could you show an example of the pivot point calculator using MOT as the stock?
I just downloaded this myself yesterday. Neat tool. Just plug the numbers for the day you want the pivot point for. Plug in high, low, and close and hit calculate and bingo it gives all the info right below calculate. Interesting stock MOT. Were you thinking of getting in on it now or do you already own it? Today was nice with the NASDAQ and SMH both up and showing strength in the tech sector. I mentioned this stock awhile back as a possible setup. Did you happen to see that post at the time. Up almost 2 points since that post.

[spikefader]

Spike, Could you show an example of the pivot point calculator using MOT as the stock?

OK, MOT today:
High was 23.15. Low was 22.01. Last was 23.04.

Put those numbers into the calculator and presto, you get tomorrow's pivot of 22.73 (plus the other s/r numbers).



Now, how do you USE that number? Well that's an entirely more complex thing. One of my practises is to buy either the closing price or the next day's intraday pivot for stocks that have just produced a channel turn up on the daily (as well as having a good bullish bias in the daily). Which one, close or pivot?? Up to you. Pivot there is less risk.

Now, for MOT, it had a channel turn up at close on Monday, so that green lights a long at the intraday pivot yesterday or close Monday. I just worked out the pivot, and yesterday's pivot was 21.88. The low is 21.83, so it missed the fill by 5 pennies. Taking the close at 22.16 would have you sitting pretty, only having endured $0.33 in the red, which is only 1.6% loss before it turned and ran up.

[spikefader]

Good one ski! MOT took out that channel short like I thought it would and shazam, it ran with the rest of the market. Nice call ski.

[skeew]

Spike, I bought mot back on 9/23 after the hammer candle thinking it would turn up. Short term it did but headed south thereafter. Got stopped out for another loss. Tired of being on the wrong side of the market. Did I buy to soon. What are your thoughts?

[skiracer]

Good one ski! MOT took out that channel short like I thought it would and shazam, it ran with the rest of the market. Nice call ski.

I can't take the credit for it Spike. It was Morpheus's pick but I did have it from $21.26. I raised my stop to $21.26 yesterday and took a half position out this afternoon at $23 and raised my stop again today to $22.50 where I'll wait it out tomorrow.

[spikefader]

I can't take the credit for it Spike. It was Morpheus's pick but I did have it from $21.26. I raised my stop to $21.26 yesterday and took a half position out this afternoon at $23 and raised my stop again today to $22.50 where I'll wait it out tomorrow.

Yup fair nuff. But very nice 8% on the partial, and very smart to tighten the stop. Eliminate all risk now (save for tragic huge gap down eeesh God forbid), and that's how one should play a stock that gains 8% - no loss on them ones Not sure I'd make it that tight, maybe to even, but good luck dude. I'm very very very bullish on the market now, seeing potential for 4-6 weeks of bullishness. Which means it'll drop now HAHA.

But seriously, what I wanted to happen today did in fact happen (despite the pessimism and gut feelings) and I'm sittin pretty in some swing longs including the YM position that I may even add to that should the right circumstances present.

I guess there are still some bears out there? Show yerselves! haha

[billyjoe]

Spike,
Did I see the word "fundies" mentioned by someone around these parts or was I hallucinating ?


billyjoe

[IIC]

I look at that pivot point calculator as a day trading tool...I don't think it should be confused with an intermediate term(2weeks to 6 months) S/R tool...JMHO...Doug(IIC)

[spikefader]

...just took it (YM) long at 10425 after that triangle break and return to support. My little leading charts are pointing up peoples

Closed this out for +110 points and will reenter long again at an appropriate time.

[spikefader]

Spike,
Did I see the word "fundies" mentioned by someone around these parts or was I hallucinating ?


billyjoe

hahe ya, I actually think I was hallucinating!