Spike's Scientific Stock Analysis

[spikefader]

Spike your chart analysis is impressive.

Thank you

I continue to study your charts to learn.

Hope you get a lot out of it. It's pretty much the same stuff each time; a blend of channel behavior, volume by price, volume by movement, support resistence, common patterns, FIBs and EW. Throw in some sensible trade management and there you have it. Not everyone's cup of tea, but that stuff helps me greatly.

I am curious as to how you develop your watch list. With so, many stocks in the universe - how do you zero in on potential buys.

Well, I don't spend a lot of time looking. I've noticed that this site throws a lot of good ones around. I also check out Zeev's board at http://www.investorshub.com/boards/b...?board_id=1125 and sometimes the boards at http://www.fool.com/. I'll do simple scans at stockcharts.com and sometimes look at strong performing stocks at http://www.equitytrader.com. I like trading the eminis these days so I devote a lot of time to them.

I noticed that you purchased CDE. What is your current thinking of Gold and Silver? Maybe you can do a chart on the HUI. Thanks

Well, the recent selloff is a bit unexpected actually - or at least the pace of it. Today's precious metals selloff obviously linked closely to Greenspan comments and the USD bullishness. The USD chart looks pretty bullish, so what precious metals will do from here will be interesting. Here's a chart of HUI for you.

[spikefader]

MACE breakdown

MACE update:

Surprise surprise

[spikefader]

NUTR update from http://mrmarketishuge.com/forum/view...c&start=45
Can ride this with breakeven stop until signals take us out or target reached.

[noshadyldy]

I just want to thank you spike for your insight on Mace. I got a little burned on it before but hope to make it back on shorting it a bit. I really appreciate your expertise.
margie

[Michaelk005]

I am a big gold trader in case you didnt know spike. I have owned CDE more times then I can count.. If your are interested in a few reversals that are in perfect wave count and fibbonnoci sequence.. Try DROOY and WHT
For my thoughts on the recent slide in gold.. Traders are not sure about what type of gold bull run they are on.. They are comparing what is happening to the last bull run of the early 80's.. Therefore any news that is not in parrallel with there current mind set leads to a sell off. Todays Greenspan news on Deinflation should do nothing but support golds current bull status, Todays dip was nothing more then scared traders. GOld will bounce to $410 before next tues..

[spikefader]

I just want to thank you spike for your insight on Mace. I got a little burned on it before but hope to make it back on shorting it a bit. I really appreciate your expertise.
margie

You're welcome. Good luck on a short if your broker has it available. I'd suggest only shorting at resistence today, with tight stops that won't burn. That way if your setup is wrong, you admit it quickly and get back in the hunt for the perfect entry again without any pain.

[spikefader]

OFG lovers

For lovers of OFG, now is a logical entry point.

[noshadyldy]

thanks again Spike. I'm glad you're here.

margie

[spikefader]

I am a big gold trader in case you didnt know spike. I have owned CDE more times then I can count.. If your are interested in a few reversals that are in perfect wave count and fibbonnoci sequence.. Try DROOY and WHT
For my thoughts on the recent slide in gold.. Traders are not sure about what type of gold bull run they are on.. They are comparing what is happening to the last bull run of the early 80's.. Therefore any news that is not in parrallel with there current mind set leads to a sell off. Todays Greenspan news on Deinflation should do nothing but support golds current bull status, Todays dip was nothing more then scared traders. GOld will bounce to $410 before next tues..

Thanks for the info! Hey, what are your thoughts on speculation that silver has been manipulated for years and that there could be an enormous short squeeze sometime?

[spikefader]

SPF Update:

[spikefader]

CDE update: Exited at 5.06 for -.34.
Re-entered long 5.08.
Reasoning: This morning's USD price action suggests weakness which should will help CDE, and PAAS (Silver mining co. that tends to lead) bullish break of inverted SHS neckline.

CDE stop is now 5.05

EDIT: PAAS bullflag intraday, so the new entry looks like it might be perfect.

[spikefader]

OFG: Should be long 28.50 for another perfect entry, with stops to breakeven now

[jiesen]

damn

you did say 28.5, didn't you?!

Should I just call you Mr. Genius now? I think I will.

[chopper77]

Spike-

I love your analysis, please keep it up I'm learning a helluva lot. I was never to big on TA.

What do you think of GGI right now?

[spikefader]

CDE stop is now 5.05

Obviously CDE stopped out for another -.03. Small losses at logical points of failure while occasionally frustrating are a necessary evil and it's who loses the best in this game that wins the best
Today's action is long-term bearish for precious metals IMO, but I'll not be chasing short now. Perhaps channels down the road.