Spike's Scientific Stock Analysis

[spikefader]

scalp long YM 10856.

tight stop on this one now.

[spikefader]

scalp long YM 10856.

stopped out -2.

[sekto]

hows it lookin for cers spike? Thx

[spikefader]

hows it lookin for cers spike? Thx

Bullish support play this one - double bottom. Nice wave count for 'c' long, coincides with expanding channel long. Bullish bias, with very good r/r buy point here, as long as the low of day (lod) holds. I think you could tighten your stop to 9.60 because if the low fails you don't want it long.

[sekto]

Bullish support play this one - double bottom. Nice wave count for 'c' long, coincides with expanding channel long. Bullish bias, with very good r/r buy point here, as long as the low of day (lod) holds. I think you could tighten your stop to 9.60 because if the low fails you don't want it long.

In at 9.89
lod held, stop placed at 9.60 ... stop out= -2.93%
close price- 9.72 see where it goes from here =]

[spikefader]

sekto,

Good luck with it. I figure your risk is probably about 2.5%??, which makes even better r/r. No matter which way it goes from here, the entry is a good one.

If it stops out, look for the SHS projection target of around 8.40 area to look for another pattern to buy into. If the lod breaks it's just simply still in the c corrective move. That 8.40 area is the place to stalk for another entry. The count will still be good. And if that setup fails, then next area to stalk will be the gap down at 7.30.

But long-term, the chart is a nice one. It's had an impulse after a cup n handle that's clear to see on a 3-year chart. That cupnhandle targets 14.40ish, which is over that price resistance of 13.20 so medium-term 25.00 target is reasonable.

I opened a 3% position for CERN at 9.81 in the SPIKE marketocracy fund today and I'll be trying to play it the same way as I outlined.

[sekto]

hey spiker, what do u think about http://stockcharts.com/def/servlet/SC.web?c=CFW

If i read the chart correctly, looks like 5th wave completion so 3 corrective should be coming up

Would it be a good short ? target near 6.50 sounds good

[spikefader]

Creme of Crop #2
PETS and VPI get the boot eod for -1.59% and +0.53% due to bearish daily psar trends. I added both positions to MDR at eod as that has the best support play.

Port is +0.31% average (including losses) with RGLD being the leader of the pack with +3.78%.

[spikefader]

Creme of Crop #1 closed +4.1%. Trailing PSAR is at 61.23. I will put a stop for this at 61.00, which is great TA location considering the 2 day double bottom there. That way I lock in gains and follow logical TA protection.

[dmk112]

YM swing short @ 10860 10 point stop

[sekto]

SPIKE, i set a sell limit order at 9.60 for cers yesterday before market close and it was quered to today. it sold at 9.65 and its 10.20 now Im pissed off! . What did i do wrong? Did i use the wrong order type??

[spikefader]

SPIKE, i set a sell limit order at 9.60 for cers yesterday before market close and it was quered to today. it sold at 9.65 and its 10.20 now Im pissed off! . What did i do wrong? Did i use the wrong order type??

Your order should have been a GTC (good til cancelled) "sell stop market" or "sell stop limit" with an activation price of 9.60. The effective word being 'stop'. Did you use this one?

I see it traded down to 9.62 this morning. That's the lowest I see. Anyone see it trading down to 9.60?

[spikefader]

scalp long YM 10858.

[spikefader]

YM swing short @ 10860 10 point stop

It's a very good resistance play, good luck. System is scalp long right now....monkey at the wheel.

[sekto]

Your order should have been a GTC (good til cancelled) "sell stop market" or "sell stop limit" with an activation price of 9.60. The effective word being 'stop'. Did you use this one?

I see it traded down to 9.62 this morning. That's the lowest I see. Anyone see it trading down to 9.60?

.... :*( i used a sell limit order and set the limit to 9.60
prior to this trade, i had not used stops before =/

Learning experience..? GRRR i just cant win in this game