Spike's Scientific Stock Analysis

[spikefader]

spike, would the 2 year old chart showing ELN going to $40.00 mean anything at this point or is that too long ago ??

History repeats itself, so I don't see why it couldn't race to 40.00 and beyond. On the other hand, the regression channel from the low at 1.03 back in Oct 02 has widened so much that it's flipped over in an amazing fashion, so it could just as fast go back to 10.00. As always, stocks never cease to amaze, so be prepared for the unexpected. That way you'll never be surprised.

[IIC]

Hi Spike...Do you follow Groups or Sectors???...I like the Retail Clothing/Shoes group right now...CLE, as I mentioned on my thread, has a nice tight base...Any thoughts???...THX

[spikefader]

Re: ISSC

Spike whats your take on ISSC.

Here's the chart showing where it was when the question was asked: http://img47.photobucket.com/albums/...ading/ISSC.jpg

Yesterday was the channel entry. So long today is wise, based on intraday pattern, or at S1, S2, or pivot point. My intraday chart showing it's opened higher and is just through R1, so look to buy a pullback. Stop underneath yesterday's low, or 16.75 if you like wider stops.
EDIT: Pivot is at 18.25 - a nice place to go long.

[spikefader]

LSCP short:
This stock was mentioned earlier in the thread. It's at another good short point now:

I took this short today at 27.60 (just above intraday pivot) and have a target of 20.00. Stop is 28.65 at this stage. Will tighten this up after today.

[IamOrion]

ISSC LSCP

thanks for the updates spike.

[spikefader]

Hi Spike...Do you follow Groups or Sectors???...I like the Retail Clothing/Shoes group right now...CLE, as I mentioned on my thread, has a nice tight base...Any thoughts???...THX

I will rarely glance at groups and sectors. Sometimes to get an idea of the bigger picture. But I don't do it regularly enough to say that it influences my trading much.
I like CLE on the long side from current levels. Recent channel entry and a nice target.

EDIT: Just fell through 21.72, so I suggesting waiting for a test of the lower channel again - at 21.50ish - it's pretty close now....

[spikefader]

The perfect place to look for a double bottom. If LOD doesn't hold, look for that failure to be the head of SHS.

[spikefader]

CLE entry

And the plan worked Long at 21.45 with a stop tucked under LOD at 21.34.
Let's see what the market gives us. Targetting the upper daily channel around $30, while risking only 11 cents. Very nice r/r.

[IIC]

THX Spike

[Websman]

Spike you are truly amazing! Good job on CLE. I hope it goes your way.
As for me, I'm doing very well with DHB.

I'm a little slow, but I'm starting to get a grasp on your techniques. My only problem right now is the fact that I have to work for a living until I build my trading account to a high enough level where I can take an early retirement and spend more time on trading. I would have like to have been retired before I reached 40, but being I'm about to turn 39, I don't think that's going to happen.

Oh well...I'll make it one day.

[spikefader]

THX Spike

No, thank you for the heads up on a stock that was ripe for the picking. Hopefully this is one of those loose-soil gems....

[IIC]

Spike you are truly amazing! Good job on CLE. I hope it goes your way.
As for me, I'm doing very well with DHB.

I'm a little slow, but I'm starting to get a grasp on your techniques. My only problem right now is the fact that I have to work for a living until I build my trading account to a high enough level where I can take an early retirement and spend more time on trading. I would have like to have been retired before I reached 40, but being I'm about to turn 39, I don't think that's going to happen.

Oh well...I'll make it one day.

Webs...Heck, I'm 51 and I still have a job...IIC

[IamOrion]

URBN

What is your take on Urban Outfitters. Looks like a great short opp.

[spikefader]

Re: URBN

What is your take on Urban Outfitters. Looks like a great short opp.

Still looks pretty strong at first glance. Channel-wise, there's nothing pointing short yet. What a run it's had!

[jiesen]

holy shit spike

looking back at your XING chart, it appears your pink SHS line pretty much called the top of today's trade at around $15. (if I'm reading that chart right). Unfortunately for me, I was not paying attention at that particular moment when the ER was released, and I didn't exit at 15, which I very much would have liked to have done. I did lighten up some at 13.5, but unfortunately it fell back after that, partly because the AP changed their minds an hour after releasing a report saying "XING reports a profit" and instead replacing it with "XING reports a loss". those dorks, can't tell a profit from a loss, even!

At any rate, that was an amazing TA call on your part.