Spike's Scientific Stock Analysis

[stocks54]

Thanks

Spike,

Thanks for your response. I am learning how to read chart so it might take me little longer to understand your response.

Regards,

[carribean_mike]

Spike, It looks like QQQ and SMH are ready for a good shorting. What do you think?

[spikefader]

Spike, It looks like QQQ and SMH are ready for a good shorting. What do you think?

I think we are bullish, and shorting is dangerous.
The weekly and daily charts for QQQ are bullish and targeting 37.50 currently in impulse wave 5 up.
SMH weekly shows strong potential for change from bearish to bullish if/when 32.18 is taken out.
As I joked earlier in the thread, I think yesterday was the day the Bear got shot! The bull looks primed to Snort!

[spikefader]

Something New

Hey folks! Need some feedback on a new concept I'm thinking of throwing into this thread.

I thought it might be fun for a while to create a regular and updated market ‘roadmap’ that attempts to project future short-term direction of the QQQs.

I"m not sure how helpful it would be to readers of this thread, but I'm thinking it would be a good exercise of seeing how general QQQ conditions can influence the timing of opening long or short positions with individual stock issues within the Nasdaq 100.

It could be a good way to confirm or reject the argument that there ARE, in fact, times to sit out and wait a few days before taking the plunge and hitting the execute button....

At the very least it could be entertaining; at the very most educational.

What do you all think? Should I go ahead and map one up?

[yaoyao]

Spike, I think it is a wonderful idea. It's definately benefitial to all of us. During my short trading experience, I've learned a hard way that always follow the market trend, short/sit out during the down trend, long during the up trend. If we could time the market up/down trend better, we could be more successful. Go ahead and map one up. Thanks.

[grebnet]

Qqq

Given that my portfolio is heavily nasdaq , it regularly follows the QQQ tide. I think it would be interesting to track. If accurate,QQQs are always good for quick trades.

[IIC]

Yes...it would be entertaining...but I prefer ONEQ...it is very east to call short term...however, the price and vol are not easily tradeable...IIC

[spikefader]

Spikefader's Cubemap No. 1 - the inaugural publication!

OK, great! Here's what I'll do...

I’ll go ahead and give this roadmap a name.............

How about 'Cubemap'?? (since Cube is a name that speculators have affectionately referred to the QQQ in the past)

I’ll use only a daily chart and the aim will be to use the assortment of simple TA techniques already discussed in this thread (Support/Resistance/Volume; Regression channels, patterns, Fibonacci, Elliot Wave, Price by Volume, and Gap theory) to do a very simple several week projection.

In order to avoid any emotional subjectiveness creaping into Cubemap, I will use a completely consistent, singular, scientific and non-subjective method to base the immediate nextday direction of Cubemap. I shall refer to this factor as the 'Vector', literally meaning "a course or compass direction".

For my own personal reasons (and to add an element of mystery to the thread) I will not reveal the true identity of the Vector. You'll have to take my word for it that it is, in fact, a consistent and scientific leading indicator that does not require any degree of subjectiveness on my part. It alone will be the sole determining factor on the immediate bullish/bearish bias upon which I will make the wave projections from the last closing day's candle. What this means is that Cubemap will be very reactive and fluid, attempting to predict the very next trading day's bias and also being reactive enough to switch bias in a pretty timely manner.

As a sidenote, based purely on my own observation and use, Vector is Uncannily accurate, but alas, sometimes a few days premature and on occasion completely incorrect. But it's definately worth watching since it is correct often enough to generate my own personal interest and excitement in employing it in my own trading. Now whether or not, and how often, the Vector and Cubemap are ultimately proven correct in this thread will be the entertaining part.

So without further ado, herewith attached is the inaugural publication of ......drumroll please!

Spikefader's Cubemap No. 1
Monday October 4 2004

Summary: Vector was bullish at close of market on Wednesday, and remained so through Friday's close, so Monday's bias is long. I will be looking for a long position based on intraday patterns and support resistence. I will post an intraday chart tomorrow at an appropriate time.

[spikefader]

NOK finally a buy

Previous chart http://img.photobucket.com/albums/v1...g/NOK_pass.jpg

Today: nice cup n handle - you could buy the open today imo.

[spikefader]

AMED Another nice bullish chart;

[spikefader]

Intraday QQQ chart - waiting for entry

http://img.photobucket.com/albums/v145/spikefader/Trading/qqqintradayOct4.jpg

[spikefader]

QQQ aggressive long out of bullflag @ 36.55,

stop 36.40, target daily 37.40 (SHS target)

[spikefader]

QQQ second chance entry opportunity:

http://img.photobucket.com/albums/v145/spikefader/Trading/QQQintradayOct4channelentry.jpg

[jiesen]

Yowza!

I'm back in NUS now... I set a GTC limit at 22 earlier, and wanted it to get filled, but not quite like this! Ended up getting it at the bargain price of 19.8, but STILL! I'm sure after a 6 point haircut, it's now broken every channel and killed all techincal signs for going up, and screams SELL ME, but I think I'll be in this one for the long haul now.

Could this be overrreaction? $6 down on a $0.10 revision in yearly earnings (1.03 vs 1.13)

[spikefader]

QQQ aggressive long out of bullflag @ 36.55,

stop 36.40, target daily 37.40 (SHS target)

Stop loss moved to under LOD: An intraday signal I use requireing the stop loss to be moved to LOD, so I recommend such. Position still open.