Spike's Scientific Stock Analysis

[RL]

Spike where would resistance be on FCX It has been on a steady climb. Would It be 55.00 If you have time. THANKS

[The Photon]

Spike what ye think of the LUFK chart - tia

[Adam]

Spike good info on LKQX I got stopped out at 40.25

[spikefader]

Spike where would resistance be on FCX It has been on a steady climb. Would It be 55.00 If you have time. THANKS

I'd be a seller at 62.00 and then look to see whether it's a boomer and worth buying corrective moves.

[spikefader]

Spike good info on LKQX I got stopped out at 40.25

Yup. I see it dropped 5.8% from the 'c' failure area.

Honestly dude, those 'c' areas are amazing. I view it as crucial support and when they get bought the move up is tradeable, and when they fail they can fall pretty fast, and the down move is very tradeable.

This is why it's very smart to take profits into strength, during a 5th up. And if you see the 'c' fail then you don't wanna hold it. Look for that pattern. You'll be amazed how often it occurs.

Congrats on a nice trade dude!

[spikefader]

Swing long YM 11024. 30 point stop.

[dmk112]

Swing long YM 11024. 30 point stop.

Me Too , 15 point stop for me though.

[spikefader]

Spike what ye think of the LUFK chart - tia

I'll take a stab at it.

On the daily 49.51 was a 'c' long within a bigger 4th down (note it got tested a couple times), and it looks like it's in a 3 of 5 on the daily, but the weekly shows it's probably a 5th, so while it's got no overhead resistance now, you'd probably want to stalk a long by wait for the weekly abc I think. Or alternatively one could short the 5th completion in a few days (maybe topping out at maybe 62.00) for a ride down during the correctives which should be tradeable given the weekly 'a' corrective might bring it back to 50 or so....

So short you'd be looking for 12 points or 19% profit from the top.

Or a good play for this might be a straddle with Feb 60 puts.....

Any options followers with a good straddle suggestion for this one if/when it hits 62.00?? Please throw it out there!

I'll set an alert for 62.00 and get the quotes for the Feb 60 straddle so we can follow it and see how it pans out. I did that for AMLN and GOOG recently. The 7% move up in AMLN produced a 30% profit on the straddle, and GOOGs 9% move up produced 25% profit (surprised it wasn't more). I'm still learning straddles, so suggestions are welcomed

[dmk112]

Me Too , 15 point stop for me though.

Out +25. Not bad.

[spikefader]

LKQX 'c' short setup right now....

[spikefader]

Out +25. Not bad.

Duuuuuude! It was a good swing entry!!! Good for at least a hundred! lol....

[spikefader]

YM count

[spikefader]

DOW c long time??

[spikefader]

fresh swing long signal right here.

[spikefader]

YM: I see that last drop to 11023 as the 5 min 'c' long area.