Spike's Scientific Stock Analysis

[B.J]

That's funny when you can see two or three of Spike's short posts at the same time. You can see three of those bull avatars nodding in unison

[spikefader]

heh ya B.J. Looks funny.

All those noddin' heads didn't help this afternoon though.

+11 and -22 for those two YMs and back to stalking again. Hard to catch the DOW for a swing lately I'll tell ya. Requires lots of patience with this chop. I probably should have just taken the +50 when I had the chance...

[spikefader]

Spike,
Do you have a price target for ACI?

ACI: last time I charted that one it was Sept 1st and targeted upper channel (then 68.00 and rising), and I note it actually did tag the weekly at 70.00 in the end, before some profit-taking and a tradeable drop before it bounced to run bullishly in Oct to 80s for another profit taking tag on the weekly 2 weeks ago, and now another tradeable drop from it. Those upper tags really are sumfin huh. Look at the nice weekly money flow dude. Expanding channel long today, but no confirming pattern you'll note. Looks like it finished the day with a bear flag on the 1 min. On the 20 day PSAR with MFI system a big fat sell signal yesterday afternoon. Major daily channel of 68.00 and rising and 70.00 price support should result in a bounce I would think.

If one took that long area and was successful ambushing it, you'd have to seriously consider targeting 80.78 and taking the money and run at the double top. So not sure the r/r is there for the setup in the first place. But if you're holding, and are holding through this profit-taking, then I'd say double top target and run. Where are you in from again?

[billyjoe]

Spike,
I'm looking at some cheapies . Do any of these stand out with great potential ? ENG SURG CMT ERS HOM It's ok if you tell me they all suck bilge water. Thanks

billyjoe

[spikefader]

Spike,
I'm looking at some cheapies . Do any of these stand out with great potential ? ENG SURG CMT ERS HOM It's ok if you tell me they all suck bilge water. Thanks

billyjoe

Look for channel long and pattern CMT tomorrow.
HOM was good channel long 4 days ago.

The others suck bilge water.

[billyjoe]

Spike,
I appreciate your brutal honesty.


billyjoe

[Websman]

Spike,
I appreciate your brutal honesty.


billyjoe

My Grandpa always said that a swift kick in the butt on occasion was good for you.

[New-born baby]

Aci

ACI: last time I charted that one it was Sept 1st and targeted upper channel (then 68.00 and rising), and I note it actually did tag the weekly at 70.00 in the end, before some profit-taking and a tradeable drop before it bounced to run bullishly in Oct to 80s for another profit taking tag on the weekly 2 weeks ago, and now another tradeable drop from it. Those upper tags really are sumfin huh. Look at the nice weekly money flow dude. Expanding channel long today, but no confirming pattern you'll note. Looks like it finished the day with a bear flag on the 1 min. On the 20 day PSAR with MFI system a big fat sell signal yesterday afternoon. Major daily channel of 68.00 and rising and 70.00 price support should result in a bounce I would think.

If one took that long area and was successful ambushing it, you'd have to seriously consider targeting 80.78 and taking the money and run at the double top. So not sure the r/r is there for the setup in the first place. But if you're holding, and are holding through this profit-taking, then I'd say double top target and run. Where are you in from again?

Spike,
Thank you so much for the analysis.

I am holding from $60.18. I sold $75 DEC calls for $5.10 today, so that should help out. I had previously sold the NOV $75 calls for $5, and I covered them at $2.90 --if I had waited another hour, I could have covered for $2 . . . . I was just wondering how far she'll drop down . . . and kinda wondering if the party might be over. High volume brutality today.

[Thomrich]

Greetings,

AS far as DRL is concerned,todays JAN 7.50 puts closed at 1.10 up from .80 as of yesterday.Good call Spike,35+% in a day.

Theres got to be a good long - short play here,if I figure it out Ill post,looks all short now.

cordially Tom

[mystiky]

PIXR strong with price approaching upper weekly channel at 58.00 and rising. That matches the daily upper, so if it tags it it will be worth a short. Otherwise watch it knowing you've missed the boat long. Unless you want to try for a weekly 1234 entry to look for the 5th. In fact, count wise on the daily it's in a 3 up after a nice 12345abc c long entry. Yep, try for a 4 entry perhaps near the price support 54.50 or short the upper tag should it come.

Spike,

Well, I shorted some PIXR yesterday around 57.40. Could you please draw me a chart once you have a chance?

Perhaps a good cover is then under $55?

[Thomrich]

Greetings,

Spike would you consider OSIP s action bullish now,and worht a long?Seems to have broken through resistance,and inverted SHS is in play.

cordially Tom

[spikefader]

Spike,
I appreciate your brutal honesty.
billyjoe

hehe, well I must admit I only had enough time to do a cursory look at them, so they probably deserve more time.
But CMT dude! Channel long today, inverted 5 min SHS now. The neckline is there ready to break, and so it's buy stop limit 6.63 (only problem is the 9.5% risk if you use lod stop) or bid 6.05 for double bottom entry, which is much better r/r.

[spikefader]

Spike,
Well, I shorted some PIXR yesterday around 57.40. Could you please draw me a chart once you have a chance?
Perhaps a good cover is then under $55?

Dude. If you picked 57.40 based on the upper channel tag theory, then awesome work. No intraday pattern at your entry, but that really is a pretty lookin' entry during the spike up head formation. You nailed it 0.26 from the top, so congrats.

After this profit-taking tag you want to target any one of the gaps or channel supports. Tricky question that one. If you ponder r/r then if you're risking stop over 57.66, then your risk is only 0.5%, so even if you target the first gap support of 53.80 while that's only 6% profit, the r/r of 12 makes it an acceptable target. If you target the 2nd gap fill, that r/r becomes pretty amazing.

Stop to even, decide which gap, and sit back and see what the market hands you. I'd probably play it conservatively and cover at gap support. Good luck.

The charts:

[spikefader]

Spike,
Thank you so much for the analysis.

I am holding from $60.18. I sold $75 DEC calls for $5.10 today, so that should help out. I had previously sold the NOV $75 calls for $5, and I covered them at $2.90 --if I had waited another hour, I could have covered for $2 . . . . I was just wondering how far she'll drop down . . . and kinda wondering if the party might be over. High volume brutality today.

Sure, yer welcome.
Channel long with double pattern intraday double bottom at 68.60 was the place to take long or add! Tight stop on that add though since it might want the weekly channel at 66.00ish.

But nice work on that call hedge those calls last trade was 2.05 so couple hundred bucks for each one you have. Double bottom may signal time to take profit on those.

Any reason you didn't take profit on the stock after the upper channel tag?

[spikefader]

Approaching a system long signal for the Dow......keenly stalkin YM.