Spike's Scientific Stock Analysis

[spikefader]

BTW how do you like my platinum grill?I figure I'll put my money where my mouth is.

cordially Tom

lol Ya, I laffed when I saw that. Are they Jaws out of 007?

[mystiky]

Iiin

Hi Spike,

This market is pretty tough. Sitting all in cash as I type this in.

Anyhow, I found IIIN today. What the heck is going on there. Talk about RSI.... It's been up for 17 out of last 18 days (and 30 out of 32)...

Very tempted to short it, but wondering what power is driving it every day. Seems like 42 was the first resistance it has met in a long while. But really, is it a resistance?

Good louck drawing 1-5 and a-c on that chart! It's impossible! So, is it still only on 1?

Would love to HEAR from you. I think even "Steckler" was stumped....

[spikefader]

I signed up with IB Friday. Lets see how it works out. First cool thing I have noticed there that I can transfer all my account holdings from Ameritrade to them online and free!!

Good move. You will enjoy the platform and speed at very competitive prices. Read the TWS manual asap Good luck.

[spikefader]

Greetings,

Spike Im definitely looking on the short side of things lately,Along with my POTW pick VC,LEA is at 10 yr lows,and could wind up like DCN,which was at 18 less than a year ago.

Im also looking at PBT,looks like a tumble could occur if it breaks 15.Charts coming soon,Im busy polishng my ''grill''.

cordially Tom

Ya, me too. I've been watching LEA too. That'll be at 14.00 in a few weeks I think and 11.00 within a couple months at most.... Now just to find a good r/r setup!

[spikefader]

Im busy polishng my ''grill''.

hehe

[spikefader]

Sounds cool. What's "IB"?

http://www.interactivebrokers.com/en/main.php

click when finished looking at IB's site

[spikefader]

Hi Spike,

This market is pretty tough. Sitting all in cash as I type this in.

Anyhow, I found IIIN today. What the heck is going on there. Talk about RSI.... It's been up for 17 out of last 18 days (and 30 out of 32)...

Very tempted to short it, but wondering what power is driving it every day. Seems like 42 was the first resistance it has met in a long while. But really, is it a resistance?

Good louck drawing 1-5 and a-c on that chart! It's impossible! So, is it still only on 1?

Would love to HEAR from you. I think even "Steckler" was stumped....

Wow, impressive stock. No attempt to count it from me. It's a booming monster. lol

This is a fine example of where being a bull with green hope pays a wonderful reward....and turns a great trade into an spectacular one.

Is it ready to retrace? Lord knows. The trend is ya friend until it isn't...but having said that, it may well be worthwhile doing three or four attempted 1% risk entries to target a 30% retrace.....maybe go for really nice looking double top formations or SHS.....maybe up near R2 intraday to increase your odds...ya might get lucky and nail a nice entry to give you some healthy retracement to a fib line.....

Good luck if you try

But frankly there are lots of weak stocks that are better looking shorts. Why try to pick tops when you can leverage weakness like PXT, MOVI, LEA, ECR, SOLD (haha it really is being sold), COGT, LBY, and PDII and be trading with the trend.

Best to ya!

[gerihearne]

Ib

I signed up with IB Friday. Lets see how it works out. First cool thing I have noticed there that I can transfer all my account holdings from Ameritrade to them online and free!!

I'd love an update in a week or too ...
nb swears by it, looking at it as well ...
have so much to learn though, and taking things slowly (after a few impulsive buys
________
sell vaporizers

[Rob]

The Intraday Elephant Pattern

Spike, I think I may have just discovered a new chart pattern. I call it the "elephant" pattern. This one happens to be intraday on WIRE, one of Ernie's recent picks. What do you make of it?

[spikefader]

Spike, I think I may have just discovered a new chart pattern. I call it the "elephant" pattern. This one happens to be intraday on WIRE, one of Ernie's recent picks. What do you make of it?

Ah yes........very unique and rare version of a double bottom. It's the double bottom with love. Otherwise known as the elephant pattern. The TA is that the 2 love-struck elephants come together and kiss each other. After the inital kiss some other patterns fly from the chart...but I won't go into those....they're too complicated to explain and draw. Lots of impulses in those ones. hehe

[TFred]

Greetings,

Im dont know the source of the picture,I got from one of the bodybuiding sites I belong to.Its funny,at the Arnold Classic BBing show,there were alot f guys with this done.

I took the bait on LEA,Im looking for a break down of todays low,I shorted at 18.00 yestersday,Ive been missing some good dips,so I figure jump in.

PBT got whacked just like HGT,and I missed it by letting fear keep me from shorting it.I think LEA and VC will follow suit with DCN,time and pressure look to push it down.
I set a stop for 18.44,a little more than 2%,I'd be happy with either of your targets.

cordially Tom

[Rob]

Good One Spike

LOL, it's neither bearish, nor bullish; it's elephant-ish. What that is remains to be seen .... right about now it's looking more like it favors the bullish side. Oops!, dang! Lost 0.16 while I was typing this. LOL

[noshadyldy]

Nyx

Spike, may I have your thoughts please on NYX?
Thanks.

[spikefader]

Spike, may I have your thoughts please on NYX?
Thanks.

Trend is up and 72.00 is intraday volume support. There are 2 'c' on a 1 min chart I see. c=69.75 and c= 74.50. The 1st held nicely and gave 5 impulses, the 3rd with subwaves. And the 2nd 'c' failed...led to price falling quick to find support at its 2 low. Price has meandered up since then is now back over the 2nd 'c', which is a bullish thing.

Good r/r entry for it is long 74.55 now, with a stop at 73.00 under price supports. That's only 2% risk to target new highs and impulses....target would be open until something pops up.

[noshadyldy]

Nyx

Thanks Spike! I'm in.