Spike's Scientific Stock Analysis

[spikefader]

lol NB. Now if I can just insert my eyes onto the Chinaman I'll have my Avitar! hehe

Very bullish right now, and bidding 10910 for a YM add.

If Runner's position sizing thread were still open I'd be starting to open a position in C at these levels; coming off a 12345abc with a bigger weekly pattern that is arguaby an ascending triangle... might be ready to rock n roll that one!

[spikefader]

OK, just added YM 10920. Better keep a 20 point stop on this one.

[spikefader]

OK, just added YM 10920. Better keep a 20 point stop on this one.

Happy Bull sittin here:

[spikefader]

Creme of the Crop:
MCO just about set to take off! Patience has rewarded it would seem.
Superstar in the making dudes?? I fink so. 3.78% and rising

[scifos]

Spkie, what do you think of PHLY? Just broke out of some consolidation after a run up.

[spikefader]

First chart is SPX chart from Oct 19 (posted) showing the bullish broadening:


This chart the weekly today: Simple pattern with nice initial target there, and if it's impulsive, watch for the 345.


And today the daily showing beautiful impulse moves and corrections. C long there, the a coincided with the channel long, and now the channel turn up follows. Expecting new highs now. It ain't rocket science is it?!

[spikefader]

Spkie, what do you think of PHLY? Just broke out of some consolidation after a run up.

Clearly bullish ain't it!

Try and bring 'em to our attention when they're at the C long!!! hehe

[Gatorman]

AAPL Retracement

Spike:
AAPL broke thru the 13 day EMA today and may be headed for the 26 day EMA. How about churning up one of your special charts and find us a good entry point. I'm thinking 65 would be really nice but am not sure if it will make it that low. What do you think?

[mystiky]

I am looking at SMSC

Found SMSC, thanks to IBD. Earnings will be out tommorow (December 15) in after hours. Looks to me like the chart is still quite bullish. I am thinking of maybe grabbing some tommorow around the $31.25 level? Last two times it has "sold into the earnings" and then just bounces right up after reporting them.

Spike, doesn't it look like a healthy ASCENDING TRIANGLE breakout? Where would you put your stop loss with this one?

I would love to see your chart...still learning on this side!

THANKS

[skiracer]

Mystiky, Where do you see an ascending triangle breakout? I think the weekly and daily show some merit but I didn't see an ascending triangle. I think it needs a bit more time on the weekly to finish a handle and shakeout some people. But the weekly is developing a nice double bottom cup and looks to be starting a handle. It definitely looks to be worth watching over the next few days or week while it does that if it does that. I would be hesitant to enter tomorrow if it drops to your trigger point of $31.25 before the earnings report. Then again if the earnings are spectacular or above concensus it might take off in the afterhours and you could miss the boat. To aggressive in my opinion to enter this one before the earnings report.

[mystiky]

Skiracer,

Thanks for your reply. I am stil llearning to draw my own charts, so I will use a link to another website, and their comment:

http://www.thebulltrader.com/2005/12/04/smsc-ascending-triangle/

Hope this helps...

Mystiky, Where do you see an ascending triangle breakout? I think the weekly and daily show some merit but I didn't see an ascending triangle. I think it needs a bit more time on the weekly to finish a handle and shakeout some people. But the weekly is developing a nice double bottom cup and looks to be starting a handle. It definitely looks to be worth watching over the next few days or week while it does that if it does that. I would be hesitant to enter tomorrow if it drops to your trigger point of $31.25 before the earnings report. Then again if the earnings are spectacular or above concensus it might take off in the afterhours and you could miss the boat. To aggressive in my opinion to enter this one before the earnings report.

[spikefader]

Spike:
AAPL broke thru the 13 day EMA today and may be headed for the 26 day EMA. How about churning up one of your special charts and find us a good entry point. I'm thinking 65 would be really nice but am not sure if it will make it that low. What do you think?

It actually generated a buy signal for me today; daily channel long, inverted SHS with neckline break long entry around 71.00. 1.4% risk to target 14% is pretty nice r/r of 10. It's owed one more impulse up to a 5th completion as I see it with a quick glance. And if the channel long today fails, I'd switch to neutral to wait for another channel long day down near 61.00 and rising on the daily, or 59.00 on the weekly chart.

[dmk112]

Happy Bull sittin here:

Spike, your the man! How do you do it???

[skiracer]

Mystiky,
That ascending triangle you mentioned happened two weeks ago and we're a million miles past it now. But I do see it and thought the weekly chart had some merit and was worth keeping an eye on. With the eps report tomorrow in the AH it could be pretty volitaile. It might be safer sitting on the sidelines watching. Big selloff yesterday and today before the report. All the rats jumping ship with their gains from that run up the right side of the cup. Here's a couple of charts on the daily and weekly.

[sekto]

Michael, good point about the 'smart' buy given the bubble behavior. Real smart longs will probably wait for 50% retrace. Aggressive longs will attempt the channel play. It all comes down to having a plan you're comfortable with, and letting the cards fall as they may, and having the discipline to put your stop in and not move it.

how do u set up the chart exactly? and what do i change to have the volume on the left side like that? Thanks in advance !