Spike's Scientific Stock Analysis

[spikefader]

Re: NUTR

I'll continue discussion of NUTR mentioned in other thread here.

If you're long from y/day, here's the plan;



the threat of lawsuit no doubt caused that orange channel break, but if you got the good long entry, you're smiling with today's bounce. Would be wise to exit at 23.10.

Further to the above post and chart, and the NUTR chart posted in the other thread (here http://www.mrmarketishuge.com/forum/...c&start=30) here is the update. Perfect entry for the patient and nimble, and with new highs a very likely chance.

[billyjoe]

Spikefader, OK I'll admit I'm an idiot, but some of your graphs baffle me. I can understand a simple graph,chart,cup and handle and all that, but waves and oscillations on the same page with channels it's too much for me to comprehend. Could you explain some of it assuming I've no idea what it all means? Also does a bear market vs. bull market change your interpretation of the data .
Thanks billyjoe

[ForeverInvesting]

GT

What do think of GT? Long, short, neutral?

[spikefader]

QQQ good timing for long - right now while LOD Holds.

You have a gap fill, with a double bottom on QQQ. Now is a good time to buy - BASSAR theory. (Buy at Support, Sell at Resistence). Any long should have tight stops under LOD, that way if the setup fails, you don't get bitten. There will be better setups should the LOD fail.

EDIT: Forgot to mention a price Right here at 36.28 works for me, with stop at 36.20. How's that for a tight stop? The theory is, if the DB is valid, my stop won't get hit. If it gets hit, the DB is not valid.

[spikefader]

Re: QQQ good timing for long - right now while LOD Holds.

You have a gap fill, with a double bottom on QQQ. Now is a good time to buy - BASSAR theory. (Buy at Support, Sell at Resistence). Any long should have tight stops under LOD, that way if the setup fails, you don't get bitten. There will be better setups should the LOD fail.

EDIT: Forgot to mention a price Right here at 36.28 works for me, with stop at 36.20. How's that for a tight stop? The theory is, if the DB is valid, my stop won't get hit. If it gets hit, the DB is not valid.

.08 stop out hit. Watching again for a perfect entry

[grebnet]

I like your addition to the board.

Any thoughts on NOK announce tomorrow could be due for an oversold bounce.....or continue its plunge

[spikefader]

Spikefader, OK I'll admit I'm an idiot, but some of your graphs baffle me. I can understand a simple graph,chart,cup and handle and all that, but waves and oscillations on the same page with channels it's too much for me to comprehend. Could you explain some of it assuming I've no idea what it all means? Also does a bear market vs. bull market change your interpretation of the data .
Thanks billyjoe

Hey billyjoe. LOL you think my stuff is hard to comprehend, you should check out detailed EW charts out there! Seriously, my stuff ain't no rocket science - just a blend of some common things every trader should have a basic understanding of.

Do me a huge favor and do some reasearch at stockcharts.com or even google terms you don't get. That would be a lot better than me taking up space in this thread teaching TA. I'd really prefer the thread remain more focussed.

For those saying it's too confusing to bother, I'll say this: in my humble experience, there is no one indicator that will work consistently all the time. BUT it's pretty cool when you blend some common stuff like wave theory, channels, patterns and fairly common indicators, like CCI divergences, and throw in support and resistence and volume, and come up with a plan of attack and make it work.

Consider this: I might use a regression channel to look for good entries, but it'd be silly if I ignore the likelihood that after a 5 wave move up people are going to take profits - based on EW theory. Or it'd be silly if I ignore the fact that volume is declining on a bullish move and heavy resistence is above. All I got time for now.

L8r

[spikefader]

Re: GT

What do think of GT? Long, short, neutral?

Long if I had to choose, but I'll pass for better ones mentioned recently.

[spikefader]

I like your addition to the board. Any thoughts on NOK announce tomorrow could be due for an oversold bounce.....or continue its plunge

Thanks. Hope I can save a few bucks for people by avoiding bad entries.

[scifos]

ADSK

Spike: what's your opinion on a good entry point for ASDK? I was thinking about at 32.10

[spikefader]

Re: ADSK

Spike: what's your opinion on a good entry point for ASDK? I was thinking about at 32.10

Hey scifos.
Wow, ASDK amazes me. Look at all the gap ups! While it is true that the trend is your friend, that's only true until it isn't. This puppy has been impressive since August and looking at the chart, I'd suggest caution with it. Channels set up right now for a long at current prices, but if it were me, I'd not tolerate it turning against me by much at all.

[Bullshooter]

Thanks, Spikefader.

Spikefader,

I want to thank you for responding to my post a few days ago and for what you are doing here. The time and effort you are expending to help your fellow investors is admirable and demonstrates your generous nature. I know we're all sending you good karma.

I am long in only three stocks presently, SCHN, SAFM and OMNI, and I hoped you might share your thoughts. Fundamentally, all three appear to me to be very sound, nor do I think these are particularly interest rate sensitive, but from a TA perspective I do not know how to interpret Wednesday's plunge on SAFM (I bought more shares near the low, although I know many say averaging down is a mistake.) There was what I believe is a false alarm sell-off regarding an FDA warning letter regarding handling of chicken feed at one of the company's operations, but the company had already responded and the issue appears to have been resolved satisfactorily. Even the FDA said that the concern was not serious.

SCHN has formed a double bottom, but is now sitting at $31.93, just off of its 50 DMA, and below what I would see as a pivot point of $34.33. Do you see this pattern breaking down, or just forming a handle?

RE: OMNI, breakdown, or high handle?

Thank you for sharing any thoughts,

Bullshooter

P.S. Thanks again for your last suggestion, I am now using Bollinger bands and RSI's and am researching channels and Elliott waves. BigCharts on Ameritrade and Daily Graphs Online from IBD do not seem to offer all of the features of StockCharts and I am considering subscribing there as well.

[grebnet]

NOK

RE NOK
Your techs were right. Fortunately all my $ was tied up yesterday else I would have bought hoping for a trade figuring they had already warned and had gotten trashed since..

[stocks54]

HBIO

Spikefader,

Thank you very much for your TA analysis. Any comments on HBIO?

Regards,

[scifos]

re: ADSK, that blue midline is near the 31.10 entry I was estimating, still haven't decided if I'm going to buy or not. might wait to see that DB