Spike's Scientific Stock Analysis

[spikefader]

Re: damn

you did say 28.5, didn't you?!
Should I just call you Mr. Genius now? I think I will.

Well, don't get too excited. They don't all work out perfect as you can see Again, OFG is cautious long, so I'm not expecting great things from it yet - I'll let the chart talk to me.

[spikefader]

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?

Glad to hear that my thoughts are contributing in a positive way. This isn't the perfect methodology - there isn't one imo, but it's workable and can be held accountable. TA can really be a good timing tool for good FA (which I'm not big into). That's why I thought people on this board would maybe appreciate it considering there are some outstanding FA calls here.

Re GGI, here is what I posted on these boards a few days back highlighting the caution for longs http://img47.photobucket.com/albums/...g/GGI_wait.jpg
Today

[Iggy]

FRN

Any comments on today's action in FRN? Just fell right off a cliff this morning.

[mmaarrkk88]

Spiketrader,
Thanks for the insights. Any comments for EPEX & CRR?

[spikefader]

Re: FRN

Any comments on today's action in FRN? Just fell right off a cliff this morning.

I hope you saw my last entry here (bottom of the page) http://mrmarketishuge.com/forum/view...36b25e29bbfdbf
Usually a good idea to be cautious with a candle like that one yesterday. Didn't give me an entry so I thought I'd pass on it, especially after yesterday's market conditions. Movement recently is illustrative of why stops tight stops are so important!

[scifos]

Spike, dare I say I am learning more from you than Mr. Market? Of course I am, but still, he has helped me make more money Thanks for all the insightful work you do, and so prompt!

[scifos]

Spike, VIP has been in a bit of a decline. Could you help me out on figuring out the 38.1% retracement level (I think thats the right fib number) and also where the channels are, and how you figure out where the channels are? Thank you so much. I know I should read a book for questions like that, but most of those things are in greek.

[spikefader]

Spike, dare I say I am learning more from you than Mr. Market? Of course I am, but still, he has helped me make more money Thanks for all the insightful work you do, and so prompt!

Thanks for the positive feedback Glad to be of help.

[spikefader]

Spike, VIP has been in a bit of a decline. Could you help me out on figuring out the 38.1% retracement level (I think thats the right fib number) and also where the channels are, and how you figure out where the channels are? Thank you so much. I know I should read a book for questions like that, but most of those things are in greek.

VIP - the long from 70 as you can see, was the one to take.
38.2 fib is 89.36 from the move on the chart.

Re channels and how I figure out where they are, if you mean how do I figure out where to start them from, the answer is pretty self-explanatory - from nearby highs/lows to get a picture of the bigger movement. I put them whereever they seem logical. If however, you mean how do I work out the width of the channel lines, I don't figure that out, the regression channels do that themselves. You don't need to have a paid subscription with stockcharts.com to draw them. Just go to http://stockcharts.com/ and put a ticker code in, then when the chart appears, click the 'annotate' option under the chart, and it will open up a chart with tools. Click reg channel button and then click and drag the channel, and it will draw the channel for you, and it will change with each new day. They are not fixed, but they adjust on a daily basis, which is why they are helpful in spotting trend changes.

[scifos]

Re VIP, seems to be falling through a low volume price range, but the 38.2% retracement level is where volume picks back up, it will be important to see if it falls past that or trends back up with volume.

Thanks for the pointers, I made a chart that looked similar to yours!

[spikefader]

BEL UPDATE:

For those long this stock, I'm rooting for a recovery for you all. Here is the setup I see for tomorrow:

[par3bo]

Spike,
I am too new to begin to understand your charts.

Can you suggest a web site that may give me a start on an education?


Bo

[par3bo]

Spike,
I am too new to begin to understand your charts.

Can you suggest a web site that may give me a start on an education?


Bo

[spikefader]

Spiketrader,
Thanks for the insights. Any comments for EPEX & CRR?

Sure.

[yaoyao]

DRAX

Spike,

I really like your charts, especially the comments. Thanks for your time on this.

I owned DRAX for three months now (entered at 3.70). Watched it to hit 5.90 and dived to 3.81 as today. I kicked myself for letting 50% profit slipping away. Could you help me to analyze this stock to see if I should still hold it and wait it to bounce back, or completely out of position. It does have very strong EPS and RS rating.

Thank you very much.