Spike's Scientific Stock Analysis

[dmk112]

I'm noticing that the markets are really choppy today.

[spikefader]

I'm noticing that the markets are really choppy today.

end of year madness

[spikefader]

Closed the YM at +100. That'll do.

[mystiky]

Happy New Year!

Hi Spike,

Happy New Year to you and everyone here!

And MCX looks like it aint doing too badly either...

that's my only security going into 2006...The rest is all cash!

[spikefader]

Happy New Year mystiky, and everyone else who happens to venture into this thread.

Yup, MCX lookin' good. As is OPLK, also coming off a c long. And ELN coming off a c long. They're out there....ya just gotta find 'em. So anyone spotting a 'c' correction out there, throw a dog a bone! They are excellent patterns. I'll do the intraday chart and post the entry and we can smile when she rockets!

[dmk112]

HAPPY NEW YEAR SPIKE, Hope we get a better market in '06.

[Websman]

Happy New Year everyone!

[spikefader]

Happy New Year Dudes.

Make 'em pretty
make 'em sweet
make 'em true
and devine

Make 'em full of
the good things
that keep 'em in line

Make 'em better than how much
you can make or can boast
and less about the self righteous things
that make you want to toast

and more about the subtle things,
of avoiding the crap
and of dodging that curly trade
to keep you from losing your shirt

from controlling the downside
to admitting you're wrong
to avoid that unwelcome thing
commonly known as the gong

cuz the aim of the game
of this habit of ours
is to dance with the bull
without being a sow

and to rise to the top
at the end of the day
and declare to the knuckleads
that it's keeping the losers at bay

that will make a success
of an impulsive young mind
to allow all those nuggets
of gold we can find.

by seeking perfection
and cutting dogs short
by patiently standing
and holding the fort

and waiting til sunlight
and seeing what's there
and pushing the button
and buying what's fair

and riding the winner
that booming break out
that tempts you to grin
and to laugh and to shout

and brag to your friends
that you've finally arrived
to the place where you've imagined
at the back of your mind

that slippery destination
the place next to the pew
where the bottom line is enjoyed
by only a few

and a place where you want to be
the place where you see
if only you could press the button
and go have a pee
and forget about everything
that the heart wants to feel
to shed the emotion
like a juicy orange peel

So to wrap up this silly poem
with a line that makes sense
and an example of life
I hope doesn't make me look dense,
but the truth of all life,
and trading world fair
is all about looking in
and making it a stare.

Have a wonderful and prosperous and disciplined 2006!

[IIC]

Happy New Year.

Spike...Approximately what amount of slippage do you find on e-minis?...I'd assume there is more on the RUT 2...simply because the % swings are wider and the vol. is low vs. the SPX and NDX...thx...Doug

[spikefader]

If you use market orders all the time you'd probably average a couple of ticks over the long term; it's not much. There are times when it's light and choppy you'll probably get a bit more, but I use a lot of limit entries and stop limit exits so I avoid much of it. There's added risk to that; like the time in April the YM plunged over 300 points intraday then recovered almost as quick. I rode that the whole way down after price slipped right through my stop limit order. It bounced fast and came back up to get me out for a 20 somethin point loss instead of a 250 point loss a market order would have handed me.

But the times I do use market orders it's usually no more than a tick for YM and ES. ER there's slightly more, especially when support and resistance breaks. ER is a real animal though. But it gets some wonderful breakout moves so the slippage is worth it to get the bottom line profit I think.

Are you going to focus on one or try 'em all?

[dmk112]

Spike, I knew your were a great trader, but a poet as well?

[spikefader]

Spike, I knew your were a great trader, but a poet as well?

lol ya, merlot inspired fun heh

Creme of Crop #2 update while I'm posting:
MDR is the new leader of seven left, with +5.66% and a port average of +1.38% less 0.11% for losses leaves +1.27%.

Might have to take MDR long in POTW....

[IIC]

Thx Spike...I like the Russell 2000...but am leaning towards The SP 500 to start...but I'm quite a ways off yet...maybe 2 months???...Right now I'm trying to bone up on trying to identify the liklihood of program trading and its effect on the futures.

However, I have run into some interesting indicators utilizing the 3, 5, 10 and 20 sma's on 1 min. charts along w/ MACD and ULT which I may try out on daytrading stocks. What I've seen so far seems to indicate a high rate of short term movement. However, the percentage return before the signals change are generally quite low which means an awful lot of money put on the line for a couple hundred bux...Doug(IIC)

[sekto]

Hey spike what do you think about DCAI ? http://stockcharts.com/def/servlet/SC.web?c=dcai

Do you see a reversal waiting confirmation? would it be a good time to long or should i wait for better entry point..

Thanks in advance,

Sekto!

[spikefader]

Thx Spike...I like the Russell 2000...but am leaning towards The SP 500 to start...but I'm quite a ways off yet...maybe 2 months???...Right now I'm trying to bone up on trying to identify the liklihood of program trading and its effect on the futures.

However, I have run into some interesting indicators utilizing the 3, 5, 10 and 20 sma's on 1 min. charts along w/ MACD and ULT which I may try out on daytrading stocks. What I've seen so far seems to indicate a high rate of short term movement. However, the percentage return before the signals change are generally quite low which means an awful lot of money put on the line for a couple hundred bux...Doug(IIC)

Well good luck with it. Must be a cool system; I've generally found 1 min charts struggle to keep one out of the chop.