Spike's Scientific Stock Analysis

[mimo_100]

bearish psar on PKD

Creme #2:
Well USG is the SuperStock of Creme #2. PKD shows a bearish psar at close, so I'll exit that one tomorrrow and USG will be fully locked and loaded. It'll be interesting to see just how parabolic a surge up can get.

It's in the building materials sector, and with the likes of siblings FLS, NCS, FIX, AMN and CR, which are showing impulsive behavior, perhaps Crop #2 will get a big push up in the face of a weaker broader market.....

I dont see a bearish psar on PKD at the close yesterday in my daily chart.

I assume you set the step at .02 and the maximum step at .20

What are you using?

Tim

[spikefader]

Spike any particular reason your out of PKD have been holding a short time but they are offering a stock sale?

Here's what I'm lookin at. Prophet.net shows a bearish too. Just followin' the system rules...

That double top the thing it faces now. I like the count, and think it'll impulse if it can get over that top.

[spikefader]

mimo, just using default of .02 and .2.

[mimo_100]

mimo, just using default of .02 and .2.

Take a look at the StockCharts chart:

http://tinyurl.com/a4r2w

What is the difference????

Tim

[Shadow]

Spike,

What’s your take on the MRK chart. Looking for a short term trade;
DT and shorting not an option. Next trial date 1/29. I already know
the FA side stinks. I’m having trouble reading this chart.

Thanks
Shadow

[spikefader]

YM: Closed the add for breakeven. Nice to see the bull coming back.

[spikefader]

Im riding a lot of GNTA at cost avg of $1.56 just curious as to what your thoughts on its chart are .
Thanks

tight stop now locks in 34% for ya. Nice pick! Grats.

[spikefader]

Take a look at the StockCharts chart:

http://tinyurl.com/a4r2w

What is the difference????

Tim

Great question! I dunno.

[spikefader]

Spike,
What’s your take on the MRK chart. Looking for a short term trade;
DT and shorting not an option. Next trial date 1/29. I already know
the FA side stinks. I’m having trouble reading this chart.
Thanks
Shadow

If you're looking for a long, I think it's doing a little 'b' up, so buy the 'c' dip to perhaps 32.50 which happens to be minor channel support. Runaway gap supports, as does daily/weekly money flow. The weekly gap isn't high vol though, which has me hesitant. It might want 30.00 again to fill it, but weekly channel resistance isn't until 36.60. But that target isn't real good r/r wise. There are better plays I think.

[spikefader]

Closed YM swing for +85.

[spikefader]

AMLN see the scallops.

[spikefader]

SPX 20-day

[Shadow]

If you're looking for a long, I think it's doing a little 'b' up, so buy the 'c' dip to perhaps 32.50 which happens to be minor channel support. Runaway gap supports, as does daily/weekly money flow. The weekly gap isn't high vol though, which has me hesitant. It might want 30.00 again to fill it, but weekly channel resistance isn't until 36.60. But that target isn't real good r/r wise. There are better plays I think.

Spike,

Thanks for your input. This one is giving me trouble.

"There are better plays I think" is an understatement. There are
1000's of better plays! Unfortunately for this particular account
it's either this stock or mutual funds.

I'm not pleased with some of the fund choices and returns so
I'm trying to figure out how to short term trade this stock to
boost the mediocre mutual fund returns.

I wish I could pick another stock!

Many thanks for the insight.
Shadow

[spikefader]

YM: swing short 10916, 20 point stop.

[skiracer]

Thnx ski. Ya, you know I leave most of the rules at the door in the room of creativity heh

Actually, it's less creativity and more trying to make it 'look right' at the expense of the broader rules. I thought about my 4 when I did the chart, and didn't like it at first, then thought nah, it looks ok so far. Where this HANS uppy goes will tell us eventually.

Spike,
Ya know poetic license is ok with me. God knows we all do it when we see it that way. Just voicing my humble opinion on the chart but no problemo here at all. I liked the chart and the EW count the other day on SNUS an ended up buying 2000 shares on that one you brought to the table.