Spike's Scientific Stock Analysis

[spikefader]

Re: ELNaytraders dream come true

love the way you have been on both sides of the fence with this stock. Bearish--bullish--bearish again. You really know how to play this game! Thanks for the great analysis.

Hey, thanks. And you're welcome. One thing is certain.....I'm not always correct, but hopefully on the right side of a few big moves to make up for the little stop outs. The king is right...this stock ELN not for the faint of heart. Same applies to any stock really....trading is not for faint of heart!
Anyway, sorry for anyone on ELN right now. I know the frustration of seeing good news sold. It makes no sense. The world is mad. Don't they realize!! All those emotions I've battled with in the past...until I decided to take emotion out of the equation and smile agreeably with the market that is ALWAYS right

[spikefader]

GT http://img47.photobucket.com/albums/...g/GT_daily.jpg
Was browsing through the thread and found this one.
GT is another example of how a channel entry day can stay unthreatened from the start.
It is also a classic example of how GAPS can act as good support - even despite an apparent SHS target close by.

[yaoyao]

RIMM

Spike,

RIMM is only long position I'm holding now. I purchased at $51, and should've sold it after earning (around $70). The sector is not doing well now. RIMM is still above 50MA, I'd like to see how it acts around 50MA. How do you think about its chart? Thanks.

Yaoyao

[carribean_mike]

SMH

Spike, What's a good short entry on SMH? Thanks

[spikefader]

Re: RIMM

Spike,

RIMM is only long position I'm holding now. I purchased at $51, and should've sold it after earning (around $70). The sector is not doing well now. RIMM is still above 50MA, I'd like to see how it acts around 50MA. How do you think about its chart? Thanks.

Yaoyao

Well, the channel long days are there to support a long. I see some bearish volume signs there. If I had your position from $51, I'd keep a hard stop at 56.50, which is under support and leaves you profit from a failing long setup should price take you out. If you get stopped out there, you have no reason to hold it imo. Good luck!

[spikefader]

Re: SMH

Spike, What's a good short entry on SMH? Thanks

[spikefader]

ELN a great channel short today. I'm sorry I missed it....and I'm sorry for those who are long. Caution to longs: get out is what I'd do.

[yaoyao]

eln and schn

ELN and SCHN were on my watch list for short for a couple of days. I missed ELN this morning too. SCHN didn't give me a good entry point. Spike, what do you think about SCHN right now? Thanks.

[spikefader]

Re: eln and schn

ELN and SCHN were on my watch list for short for a couple of days. I missed ELN this morning too. SCHN didn't give me a good entry point. Spike, what do you think about SCHN right now? Thanks.

Previous chart: http://img47.photobucket.com/albums/...HN_update2.jpg
The channel break indicated in that chart led to further strength, and now the recent pullback sets it up beautifully for a long. Today had a channel long entry signal. So I'm bullish on it. There was no intraday pattern to enter. I will look be looking for one tomorrow and will post my entry if I get one worth taking.

[spikefader]

CDE sets up a long signal off the channel today. Am waiting for intraday pattern to enter.

[spikefader]

SCHN long entry today at 28.85, inverted SHS with yesterday's channel signal, as per chart a few posts ago.

[spikefader]

NUS short signal. Hope for Mr.Market and others, who are bullish on the stock that it can push over HOD and make this signal invalid. I'm not taking this short by the way.

[IamOrion]

LCAV

Anyone been trading this. I have made a killing daytrading it. I was able to get some today at 26.80. The earnings and guidance were blowout. The CC was superb. I am gonna pack this one away for the next couple three months. I also bought quite a bit of ESMC today at 7.60.

[spikefader]

RELV fails.
From this resistence in early June: http://img.photobucket.com/albums/v1...LV_channel.jpg
to today:

LESSON 1: Channels act as resistence, especially when near double top resistence!
LESSON 2: Holes fill.

[spikefader]

Re: LCAV

Anyone been trading this. I have made a killing daytrading it. I was able to get some today at 26.80. The earnings and guidance were blowout. The CC was superb. I am gonna pack this one away for the next couple three months. I also bought quite a bit of ESMC today at 7.60.

Good for you. LCAV has been channel choppy.
It currently looks bullish with a channel long day 4 days ago, and now a channel turn up. Good luck with it.