Spike's Scientific Stock Analysis

[spikefader]

Hey congrats on the trade. If you exited as per your rules then great. Yes, you left some on the table today, but that's OK since nailing tops consistently can't be done As far as the daily exit, yes, I see more upside.
I will say that if you want to exit, make it a logical place on the daily chart AND intraday chart. The daily I've posted - target upper channels. Here is an intraday chart of UHAL today showing where to sell.

http://img.photobucket.com/albums/v145/spikefader/Trading/UHALSept30weekly.jpg

http://img.photobucket.com/albums/v145/spikefader/Trading/UHALSept30.jpg

UHAL coming back in a nice 4th wave. Now is the time to be considering the entry long. Maybe 35ish... watch over the next few days. The weekly still has upside left in it. So look for good safe entry on the 4th to catch the 5th wave ride.

[spikefader]

QQQ on helium today :/ holding up better than the broader market...... Options expiry nonsense no doubt. Anyone believe in max pain theory in here?

[Michaelk005]

CSCO update FWIW:

http://img.photobucket.com/albums/v145/spikefader/Trading/CSCOOct13.jpg

Oh, and forgot to mention, QQQ had a channel short day today

Yeah my thoughts on CSCO exactly, thats why I sold off yesterday. Look for a buy entry long at around $18.15,,,, we shall see. If the market continues on downward, I can see some trouble for a few of the major tecks..

[spikefader]

Yes, that's what I'm anticipating. We are at crucial support right now, so if it breaks, it could move fast. Vector closed bearish today, so I'm holding QQQ short from 35.79 average, stop to even now, target open at this stage.

[Michaelk005]

A few thoughts too post, I sold out on my CSCO today at $19.40, a small profit but along with you, I feel the market will be down this week and I will rebuy CSCO at low $18 for another go around. Cubemap is awesome keep up the work. There have been some post regarding PVX... I'm in today at $8.97 at the close. 2% trailing stop and an order to sell at $9.28.. CDE and WHT are on my watch lists, I will take some shares later this week. MY wavecount has PVX hitting a "C" wave correction to at least 9.30,,, weel see how it goes. Good luck all.

PVX sold at $9.30,, nice call to all. Slept through my entry point at CSCO $18.51, weel meet again. hey spike any comments on SBUX?

[Thomrich]

Greetings,
I followed suit also,buy in at 8.88 sell at 9.30,not bad for a days work.With the way these canroys regularly dive 10%,I feel it couldbe easy money if your nimble on your feet.
MIght I suggest PTF for a possible future swing.
cordially Tom

[spikefader]

nice one on PVX

SBUX?! 5 words for ya after looking at a 2 year chart..... "The trend is your friend" Nice run it's had!

On the shorter 6mth chart below, the channel days are obvious. Could have chased the last channel turn up and got it. Target upper channel. $53ish?

[spikefader]

CUBEMAP UPDATE:

Well, obviously the Cubes got me again ;/ stopped out even today, and Vector closed bullish, so I'll have to create Cubemap #3 for bullishness now. I'll do it over the weekend and post before Monday. One of these days I'm gonna snag the perfect entry on the Qs and sit tight on it for a week (and don't remind me about the 2 penny miss 14 days ago)

[spikefader]

Greetings,
I followed suit also,buy in at 8.88 sell at 9.30,not bad for a days work.With the way these canroys regularly dive 10%,I feel it couldbe easy money if your nimble on your feet.
MIght I suggest PTF for a possible future swing.
cordially Tom

Good in and out Keep up the great tradin'!

[New-born baby]

Eln

Spike,

King says ELN will turn a corner--one way or another (see his latest post)--in a few days. The thought strikes me that this ELN is going to be a great play. If it gaps up, those gaps like to be filled, sooner or later. Perhaps a man could ride it both ways, up and down.

My question: are you closely monitoring ELN, and do you have any plans to ride the gap up and jump off and ride her down?

[spikefader]

Hey Newborn.

Yes, I'm closely monitoring ELN. I will definately be looking to trade any potential setups.

Right now, ELN is a gamble both long and short in my opinion. Channels are currently saying down, as per below chart. There's a gap down there that might fill if there's bad news, and on the flip side there's the turned up channel since the July high (from memory I've refered to that channel turn up earlier in the thread). When channels line up bullish again, I'll recommend a buy in this thread and trade it myself.

The future FDA news will cause a huge movement one way or the other. If the news gets sold, I STRONGLY recommend anyone long to either sell the whole position, or hedge immediately with puts. Price COULD fill that gap down there under 10.00 very quickly. Longs should even consider hedging prior to the news....

As for potential future gap ups, I'd not bank on those gaps filling too quickly. They could become 'runaway' gaps that can stay there for many months.

[IIC]

Elan Corp. Is Rising Higher On Biogen Speculation [ELN]

10/18/2004 7:50:35 AM Ireland's Sunday Tribune reported that Biogen Idec (BIIB) is considering making an offer to acquire Elan Corp. (ELN), reportedly for about $10.6 billion. Elan is now higher by 1.59 on 15K shares Monday morning on Instinet.

Elan Corp. moved to the upside at the open of Friday's session and climbed higher around mid-afternoon, to close up by 0.73 at $21.26. The stock rebounded off of support, following a 2-week decline.

[spikefader]

Elan Corp. Is Rising Higher On Biogen Speculation [ELN]

10/18/2004 7:50:35 AM Ireland's Sunday Tribune reported that Biogen Idec (BIIB) is considering making an offer to acquire Elan Corp. (ELN), reportedly for about $10.6 billion. Elan is now higher by 1.59 on 15K shares Monday morning on Instinet.

Elan Corp. moved to the upside at the open of Friday's session and climbed higher around mid-afternoon, to close up by 0.73 at $21.26. The stock rebounded off of support, following a 2-week decline.

My gut tells me this gap up is just a selling opportunity.....The channel short day (blue arrow) is still in play until taken out.

[spikefader]

Cubemap update:
Was going to look for long entry today but Vector is bearish so I'm postponing long until this resolves itself.

[scifos]

AUO and ROV

Spike, I'm looking to get out of AUO and ROV sometime soon (ie next week or two) and was wondering what is a realistic selling price in the next week/two weeks?