Spike's Scientific Stock Analysis

[jesse4livermore]

Re: SUNW

Spike,

What do you think?

Huh...

Quite detailed...By the way...I hate to sound geographically illiterate, but ...where is Maldives???

Hi,

Maldives is on the Indian Ocean, a bit south from India:



Unfortunately, I'm in Europe right now... very far away from my palm trees

[jesse4livermore]

Re: MALDIVES

Websman,

Maldives--formed from two Latin words, MAL=bad, +DIVES=money; "bad money."

Now you know why I asked Spike what he thought.

Hey, we don't want to throw good money after "bad money."

LOL !!!

Yhee... your right....
Maldive = Bad Money

Not because of the latin meaning, but because thats a pretty expensive country for a western guy to live... we have 3000 little islands (you can buy one for less then 3M$).. but then everything is very, very expensive...
Of course that you can always live here with the natives, fishing and eating coconuts...

If you are really curiouse about Maldives, just take a google image search, and watch paradise

http://images.google.com/images?hl=en&lr=&ie=UTF-8&q=maldives&btnG=Search

[spikefader]

Thanks Spike.
I'm going to plunk some money that I don't need (just a few hundred probably) into adpr and forget about it for awhile like I did with adzr a few years ago and cashed out nicely about a year or so later.

Good one. I'd target 57cents - the gap. Take the money and run. That's near pretty heavy volume by price and could fall away from there.

[spikefader]

Spike...Do you think NUTR could make a rebound?

I'm showing NUTR hit resistance today at $14.75.

Absolutely. It's had a channel long day not long ago, and that channel from the recent low has now turned up. So I'm bullish on it. Just a matter of where to enter. Lower channel is around 12.50 now, and rising. Patience for entries. Hold if you're long. Stop should be under recent low.

[spikefader]

Hi !
Thats my first post on this board I found this site on elitetrader.com, and I'm really looking forward to start rading lots of interesting post here...

Welcome jesselivermore
Your thoughts are welcomed in here and I look forward to commenting on your charts and recommendations. I always appreciate good TA and headsups

Don't forget that you may create your own TA specific thread in the event it gets too 'busy' in here.

Also, if you have read this thread, you'll note that I sometimes disappear for a day or so So don't think I'm rude for not responding. Usually, I'm pretty prompt though.

Re you chart: http://globalspeculators.com/trading....0;id=70;image

I'm bearish on SUNW and would look to short the next intraday spike up tomorrow. Here's what I see.

[spikefader]

ELN $21.65 .. we move higher Spike

Yup, it looks like you're clear until 22.17ish today - that's where the upper channel is. I'll be watching

Today's channel shows the short zone rose to 22.75. Watching........

[spikefader]

BEL STILL in trouble...
I remember my first chart for this one:

http://img.photobucket.com/albums/v145/spikefader/Trading/BEL_in_trouble.jpg

And today, it's STILL in trouble. Sorry for longs, but this one looks like a shot duck.

[spikefader]

Spikefade setup today:
Short SUNW 3.80 stop 3.83. Target is lower channel and price support at 3.15.

[spikefader]

OFG. Channel short day again. Took a short 26.25. Target 18.90. Stop is 26.40 - above price resistence.

[spikefader]

QQQ short entry setup finally.
Since last chart, I've been waiting for a decent intraday pattern to short into. It's finally happened. Short 33.77 with stop 33.97. Target is open at this stage, but looking for at least 31.50 and may adjust lower.

[spikefader]

OH, and as an options example with QQQ, I'd suggest Sept 36.00 puts, currently at 2.35 (or $235 each option contract). You've got 4 weeks until it expires, and you're not paying for all that time premium. If the setup in the charts fails, you can sell them with very little loss, but a great way to leverage on the short side if the setup proves valid. I'll follow up on the price of them later in the week.

[jesse4livermore]

Hi !
Thats my first post on this board I found this site on elitetrader.com, and I'm really looking forward to start rading lots of interesting post here...

Welcome jesselivermore
Your thoughts are welcomed in here and I look forward to commenting on your charts and recommendations. I always appreciate good TA and headsups

Don't forget that you may create your own TA specific thread in the event it gets too 'busy' in here.

Hi !

thanks for the welcome

What do you think about XMSR, I just went long today, based on my last TA on XMSR:

http://globalspeculators.com/trading_futures/index.php?topic=36.0

I let my chart here, looking forward to know your opinion:

[spikefader]

Re: RMBS

Worth considering short today if a good intraday pattern reveals itself. BUT: it's right near volume by price support so caution and tight stops.
http://img.photobucket.com/albums/v1...ding/RMBS2.jpg

Well one of those frustrating ones. Couldn't find a pattern to enter, so I passed on it. Aggressive shorters will take the bearish pennant today to enter, but that's chasing in my book. Missed the boat on this one.

[spikefader]

Re the QQQ short: There is the neckline break with a nice wave down.
Will it form a bear flag now and a series of 5 waves? We'll see.
I you missed the entry, it's not too late yet:

[spikefader]

What do you think about XMSR, I just went long today, based on my last TA on XMSR:

http://globalspeculators.com/trading_futures/index.php?topic=36.0

...looking forward to know your opinion:

Nice charting! Vere pretty.
I like it long. But I wouldn't be as aggressive as you. I'd wait for channel entry day.