Spike's Scientific Stock Analysis

[spikefader]

[dmk112]

Spike, are you still hanging on to that 11024 long?

[Runner]

Spike, one day I hope to be as huge as you. I better work hard at it

[spikefader]

Another swing long signal at 11,018.

[dmk112]

Spike, don't you think we are too extended here to go for a swing long??

[spikefader]

Spike, don't you think we are too extended here to go for a swing long??

No way dude! INDU has only just broken out; and that was big resistance, long term from 2000! There's a very real possibility that it gets bought impulsively. Today's drop to 10950 on INDU is back to support levels. What was resistance is now support.

Remember, impulsive behavior happens in the market from time to time. Look back to November. No reason this can't happen again. In fact, there's MORE reason for it to happen. Start of a year, bullish from the get go, breakouts.....

Impulses are the times that can really reward. So rather than anticipating there surely must be a correction soon, I think look optimistically at why it may act impulsively and try to get on board that move. And that's what I love about tight stops. If you're wrong, it's only a little bite. Some would argue 30 point YM stop isn't tight, but it suits my methods and it's OK. I am usually quick to exit entries that aren't perfect anyway, so I rarely get that 30 point hit.

[dmk112]

Spike, take a look at VPHM and tell me what you see.

[spikefader]

GOOG ascending triangle intraday. If that breaks out it targets new highs. GOOG is a monster and I won't be surprized to see it do it today. I still understand 'marketsurfer' is short GOOG with a triple fund position. He's stubbornly holding it and I think he's willing to risk it going to 500 a share, which is a 12% stop on a short that makes up 15% of his mutimillion dollar fund....sheesh. Could be as much as a 1.2 million dollar loss..... That's a guestimate by the way; dunno how big it is, just taking a stab based on stuff he's said in chat. Anyway, he's calling for 200 stock price before it gets to 500. I think he's mad naturally. GOOG is very very bullish in my mind.

[dmk112]

Spike, you don't look at the fact that we have been up for the last 6 days?

[spikefader]

Spike, you don't look at the fact that we have been up for the last 6 days?

Sure I look at it. Boy, there goes GOOG as I type lol, but hey, the trend is your friend until it isn't. My close trend friend is my Vector, which is bullish. That's what I look at. I'll stay on board that thing until it tells me to get out. And right now, this is swing long no matter how many up days we've had lol

[spikefader]

Spike, are you still hanging on to that 11024 long?

Yes sir

[spikefader]

Spike, take a look at VPHM and tell me what you see.

I think it's wanting up....

[The Photon]

- I will limit LUFK to @ 60.5 thanks Spike

[Websman]

I can see the ole YM's in my future, just as soon as I receive that seven figure check, my employer will owe me in twelve years.

[spikefader]