Spike's Scientific Stock Analysis

[spikefader]

OK, added to YM on that dump and return to 10961.

[spikefader]

ELN setup.

[spikefader]

OK, added to YM on that dump and return to 10961.

The problem is the stop. 43 point stop is the logical one. And where we are right now, the entry is a support entry. Oh well, so be it.

[dmk112]

The problem is the stop. 43 point stop is the logical one. And where we are right now, the entry is a support entry. Oh well, so be it.

Why such a big stop? Wouldn't you put it under the lod?

[spikefader]

another add signal here for YM, but I'll wait.

That ELN entry failed. Stalkin'.....

[dmk112]

Doesn't that look like a descending triangle on the YM?

[dmk112]

I have Pivot as 10951, may be a good place to add.

[dmk112]

I have Pivot as 10951, may be a good place to add.

Maybe not!! Gap fill time!

[spikefader]

Why such a big stop? Wouldn't you put it under the lod?

I guess I am thinking tolerance for wiggle. Yep, it's a very wide stop given that it's an add. The system is saying any selling weakness is a buying opportunity. Pivot is a little under the lod, so this is why it's awkward. I think on this occasion a tight stop risks getting tagged out. And I've already been tagged out on that first add - sheesh!

The fact that I'm +132 on the first position I'm breathing easy and will accept the added stop risk on this add while I now attempt to exit this add during some strength cuz I'm not liking it.

Awkwardness!

[spikefader]

Doesn't that look like a descending triangle on the YM?

I have Pivot as 10951, may be a good place to add.

Maybe not!! Gap fill time!

Here's what I was lookin at. Price still in the thick of support even if it gap fills, and that's within my tolerance. That 15 min SHS could fail and that'll be the fuel for a rally from here. Fact is, on the daily, we're right up near resistance, so it's gonna set up short and the question remains whether the bigger support (i.e. the hourly) is going to overpower the shorter time frame charts. This is how resistances get busted on the dailies. The little fish set up to the shorter time frames and the sharks overpower and cause a rush of covering that sends price projecting up and away from resistance it just broke, thus turning it into support.

[spikefader]

And GOOG taking off again. I almost grabbed a +GOPAT GOOG call back and $31.50, and it's now $34.90 already. Doh!

[dmk112]

Spike, where are you getting those intraday charts from? are they free?

[spikefader]

There's a welcome pop! Taking that 60% profit and running for the hills!

And these ones are now $8.00! oh boy.....

[Lyehopper]

another add signal here for YM, but I'll wait.

That ELN entry failed. Stalkin'.....

Patiently.... kinda like that cat in you signature huh Spike?

Cool Signature btw.

[spikefader]

Spike, where are you getting those intraday charts from? are they free?

Ya, you can get 'em over here http://tinyurl.com/ag2hw
They are actually Futuresource charts I think. Not as good as QT so far as functionality and studies, but I like the appearance of 'em. They're also good for multi day views, and good for when you're on the move and don't have Quotetracker to look at. You can even set it up (if you know a bit of html code like me) to have the page auto-refresh as often as you like and even put multiple charts on one page to see the whole picture at a single glance at a webpage.
Ecbot have Cbot Advantange, and I might try that out one day; they have a 14 day free trial I think.