Spike's Scientific Stock Analysis

[dmk112]

Because this afternoon the market sold off from its morning's highs. The stocks I follow lost 75% of the mornings gains, with the exception of WMT and PBR.

NBB - stop being a bear! Really! Looking at my watchlist most of the stocks pulled back until around 11:30 and then broke out to highs and finished near them. Couldn't ask for better A/D on the NAS and NYSE and we had 569 new hi's and 40 new lo's - that's bearish to you?? I must say the DOW is still lagging but the NAS is on fire!!!

[Runner]

I'll be looking for more set-ups Long during next pull back!!

[Runner]

Runner's post makes sense. Alot of other guys would have taken some off the table by now. You're in around $32 range so you're probably up $6.50 or so.
Why not take half off and place that trailing stop up close to protect those gains because the weekly is showing a channel short signal. Nice gains to date so protect them at least if you don't take some off the table.

Adam, hope you caught the move today!

[dmk112]

Spike, ever experiment with forex?

[IIC]

Spike, ever experiment with forex?

If you are interested in Forex...I suggest you be prepared to "Swim with the Sharks"...Unless you are considering it Full Time I recommend that you stay out.JMHO

[spikefader]

Spike,
I don't have a Vector, but if I had one, it closed bearish tonight.

Wow, I'm shocked. Really. Look at your weeklies. Patterns support the move, they have for a while now. Now breakouts, money flow to support. High tick readings, low trin. $INDU P&F double top breakout yesterday with a fresh bull target of 11500. All the others with bullish P&F bias. The likes of GOOG and AAPL and so many other very strong bullish charts out there. Lots of 'c' longs to support moves, Lye almost winning the POTW (lol just kidding). No reason to be bearish, every reason to be long (hopefully with profits by now) and holding "green hope" for more. Maybe you're cautiously expecting any advance to get sold into like it has many times last year? This year is different than last year imho. I'd be looking for some more out of this before you get that bear suit out. Good luck in 2006!!

[spikefader]

..covered 1/2 of my short position for SMSC at 31.25, and will likely cover the rest of it around the same place next week.
So, so far -- so good.
But I appreciated everyones feedback last night. It never hurts to have "too much" information!

You're braver than I! lol But congrats anyway

[spikefader]

Looks like TRAD is going to be added to the IBD100 list come Monday. And the debut it going to be somewhere in the top 10.

So, I am thinking that this sucker has runup quite a bit (from 12.40 to 15.30 in four trading days). But, to me, it looks like it has more legroom to runup.

Anyone agree with my $16.50 near-term price target? Volume and everything looks just almost perfect with this one!

Cup with handle paying off. Nice. That channel long I drew failed then volume came in and boom!

[spikefader]

Anyone seen that intradat action at 470 for GOOG?

Yep was watching it closely today. That first spike up to 470 caused a real pop in the options. And that was during an impulse subwave 3 within of a bigger 3 on a 20-day chart. Some late profit-taking was impulsive down, so that's a likely 4 down, so I'm looking for the 5th of 3 up, the abc correction (larger 4 down), and then another 5th up where I'll consider jumping off. Hopefully during madness and panic when they get bid up nicely

[Lyehopper]

Spike I need some info!

SPIKE BUDDY!!!!.... My AMTD intraday ticker is down dude! I need the following so I can finish the POTW scorecard:

ECOL intraday (1 min) low @ 11:55 am
PARL intraday (1 min) high @ 11:55 am

FCFS intraday (1 min) low @ 1:10 pm
AMMD intraday (1 min) high @ 1:10 pm

Thanks DUDE! you can private message me if you'd like.

~Lye

[spikefader]

It certainly is not for those who want to sit back and leisurely and watch the market...Heck, you can't even take a bathroom break...It's great!!!...IIC

lol yup. It can really move fast and hurt you if you're not disciplined. Stops save lives with ER2. If you're in a position without stops in place and it breaks out of a range against you with force it can get ugly pretty quickly.

[spikefader]

Adam, hope you caught the move today!

Yup, LKQX is booming Adam. That's expanding the regression channel to the upside and is very bullish action. Hold on for the ride but be expecting the stall and correctives.

[spikefader]

Spike, ever experiment with forex?

Yes and I didn't enjoy myself much. If one would describe stocks are hard, and options hardest, and futures a different planet, then forex is an entirely different galaxy. Study long and hard before you even consider trading forex. And prepare yourself for very fast and volatile moves on news events and unexpected interventions.

[spikefader]

SPIKE BUDDY!!!!.... My AMTD intraday ticker is down dude! I need the following so I can finish the POTW scorecard:

ECOL intraday (1 min) low @ 11:55 am
PARL intraday (1 min) high @ 11:55 am

FCFS intraday (1 min) low @ 1:10 pm
AMMD intraday (1 min) high @ 1:10 pm

Thanks DUDE! you can private message me if you'd like.

~Lye

OK, I'll grab it now. I'm assuming that's eastern.

[spikefader]

ECOL intraday (1 min) low @ 11:55 am was 26.36
PARL intraday (1 min) high @ 11:55 am was 30.70
FCFS intraday (1 min) low @ 1:10 pm was 28.96
AMMD intraday (1 min) high @ 1:10 pm was 19.70