Spike's Scientific Stock Analysis

[ridemhigher]

Natr

Spike,
Picked up some NATR today as it broke from a tight 8 month trading range. Would appreciate your analysis.

Thanks,
Ridemhigher

[Websman]

Spike, I've been looking at the chart for DG... Is this a double bottom with a possible bull signal? This thing is screaming "BUY ME!!!" Is this chart deceiving my young Vulcan eyes?

What made me look at DG, was the fact that I've been noticing Dollar General stores sprouting up on every street corner and they are always filled with bargain shopping women.

[spikefader]

Spike,
Picked up some NATR today as it broke from a tight 8 month trading range. Would appreciate your analysis.

Thanks,
Ridemhigher

Looking bullish. The channel turn up at the close on Thursday was the green light to take the open on Friday morning, which is apparently what some big buyers did target the upper channel if you're already long, and sit back and smile with a stop to breakeven. If you're looking for an entry, go for S2 intraday. The behavior of the stock shows that you're bound to get an entry next week.

[spikefader]

Spike, I've been looking at the chart for DG... Is this a double bottom with a possible bull signal? This thing is screaming "BUY ME!!!" Is this chart deceiving my young Vulcan eyes?

What made me look at DG, was the fact that I've been noticing Dollar General stores sprouting up on every street corner and they are always filled with bargain shopping women.

Hey Webs,
DG: I can't see the DB you're talking about. But a nice cup with handle there over the last 2 months.
Also note how the blue channel long day has been an area that has provided some good support. That's the area I'd like to be buying, but if that cup'n handle works the way it should, price won't revisit that support again for perhaps many months.

The channel turn up of Thursday's close gave green light to take a long on Friday morning, so I'd look for entry at 20.65 or just try for intraday S2 to try for a bargain entry with a good chance for a bounce there.

[Websman]

I was looking too far out when I saw the double bottom I guess. I saw the cup and handle, but thought that it may have been too short of a time period...just goes to show, I need to brush on my chart reading skills. I'll figure it all out one day.

I believe I will try for an entry tomorrow along with LOJN.

Thanks for the help Spike!

[Thomrich]

Greetings Spike,
Would you still target mid 18s on DHB?or raise it with this mornings strong action?
thanks
Cordially Tom

[spikefader]

Greetings Spike,
Would you still target mid 18s on DHB?or raise it with this mornings strong action?
thanks
Cordially Tom

Certainly grounds to consider taking profit, but intraday action suggests higher, so if it were me, I'd hold it, with a stop to 17.60. If price takes the stop, then the the bullflag failed and there is no reason to be in it. If it holds, then the upper blue channel is now 20.00, and I would look for that.
Good luck with it, and Grats!

[spikefader]

Learn about 'inside days' and how they can be very strong reversal indicators that lead to nice tradeable moves.
Click here to see video

[spikefader]

Re SNDK short http://www.mrmarketishuge.com/forum/...postcount=1222
Stopped out today. Gotta love stops.

[spikefader]

SIRI:

Webs. Your month long patience has rewarded you. Grats
Today, consider the channel action. Minor red profit target 4.70. If it hits it today, consider taking it off and reentering at an S1 or pivot. Unless of course, you're happy holding it for another month while it wears off the recent bullish move again. What is your big target anyway?

[spikefader]

SIRI Point and figure target is 8.50.

[abk33139]

Will some of you learned folks help explain this to me? I'm digging SIRI going up, for sure. So, is it smart to sell it at a certain point and then re-enter the market if you think it will keep going up? Do you just hold on to your original shares (I bought 400)? Does the last post mean you think you'll go up to $8.50? Please help explain to the newbie.

Thanks,
Alison

[spikefader]

BEL : The light at the end of the tunnel hasn't appeared yet

[spikefader]

Will some of you learned folks help explain this to me? I'm digging SIRI going up, for sure. So, is it smart to sell it at a certain point and then re-enter the market if you think it will keep going up? Do you just hold on to your original shares (I bought 400)? Does the last post mean you think you'll go up to $8.50? Please help explain to the newbie.

Thanks,
Alison

'diggin it' Yep, profit leads to the happiness emotion. This emotion, when at very high levels, can be reliably used as an indicator to sell your position to take profit. Then one should wait for a healthy, normal, and absolutely routine correction to reenter if you remain bullish on it. The feeling you can use as an indicator for entry is when you have the strong feeling of, "Gee, I'm glad I took my profit when I did" feeling.

What will stop you from exiting during happiness or elation of profits??? One thing will. It is called Greed...another unwelcome emotion.

Remember this: you will not catch the perfect entry or exit on such a statistical significant number of occasions to justify being remiss about getting out too early. Be happy that you profited, that you followed logic on your exit, and that you were disciplined instead of waiting to exit for the wrong reasons.

Re SIRI, I think it has a very good chance of going to 8.50. I use that Point and Figure chart to highlight that there is a logic reason to be bullish on the stock. I use channels to get me in and out....my logical reasons for entry and exit. Base your trading on logic, and use disciplined money management regarding risk/reward and you will profit in the long run. Read this thread from the beginning and you will perhaps pick up a few tips.

[grebnet]

Thoughts on reentry of MIND ,