Spike's Scientific Stock Analysis

[mystiky]

Hi Spike!

Actually, I have started an "initial" position on MCX last Friday, and plan to add little at around 13 and then 12.50. However, if I see it blow by 12, I am out of it in a jiffy.

I realize that this is a very jumpy stock, so I have my hands on the trigger. My target EXIT goal is $14.75. I still think it's quite realistic.

Thanks SO MUCH again for the charts.

And your words -- I wish I used them a few times in 2000-2001 myself!

New traders: Copy and PASTE this message on your monitor. Spike knows EXACTLY what he is talking about.

By that quote I was assuming you were holding a long position for it, and that if you were holding long, I was simply recommending you exit on the corrective 'b' wave up so you could step aside and stalk a lower entry. Did you stop out of that entry or are you still holding it? Sounds like you're flat now.

Mystiky, not sure of your MCX exposure and risk tolerance, but if you're NOT using disciplined stops and adding on the way down, you really open the door to some serious pain on big moves down that don't retrace. You probably well know this, but I'm just saying be careful adding to losers. I don't recommend it unless you can have disciplined exits for the adds you make so that you can reposition the average in your favor. But sometimes the market can move so badly against you that stops are really the only thing that's going to save you. I will never forget the price action of ENE (enron) and how much pain that one caused folks as it died and dropped. The only way you can truly protect yourself against that kind of action is to use really good discipline and risk managment. I trust you have that under control, and I'm only bringing that up cuz it's on my mind. Disregard if it doesn't apply. But new traders take heed of this.

Best to ya.

[dmk112]

VPHM had an inside day...should make a move tomorrow.

[spikefader]

VPHM had an inside day...should make a move tomorrow.

Yep, and the logic stop now is under the inside day at 19.84, which reduces risk of yesterday's long position from the pivot to 1%. I see it's dropped under it now, but still within the 4% limit. I am back to neutral on VPHM and anyone long VPHM I would suggest taking the medicine and closing it out pending a better entry.

[dmk112]

VPHM had an inside day...should make a move tomorrow.

darn, looks like it went the wrong way!

[dmk112]

It does look like it bounced off the support @ 19...stop under lod.

[spikefader]

YM swing short opened right here at 10905.

[spikefader]

YM swing short opened right here at 10905.

Smiling bear here.

[spikefader]

Added to YM short here at 10858. (tight stop on this one).

[spikefader]

Added to YM short here at 10858. (tight stop on this one).

Stopped out of this one tonight for -8 points. Stop to even on the original now. Vector closed bearish today, so bear for tomorrow. But I'd really prefer to be a bull.

[spikefader]

The quiet achiever! MCO.

Creme of the Crop Version 1.

Yep, it's still alive and kicking. 4% profit with stop to even. It's on it's 10th straight weekly green candle, booming on the weekly still! Now that's a superstock!

Still bullish psar on daily (and weekly). Bands target 66.00. Upper daily channel is 64.00. Weekly and daily money flow is outstanding. Channel turn up today's close. That green lights pivot intraday buy for anyone looking for aggressive entry on it. This is the quiet achiever! And that's OK by me.

Is anyone impressed or surprized? I am. I really am. The selection process gave me my doubts, but I can see the value in this system. And it's the type of system where you don't have to have a big stake. Just make it fit the risk you're comfortable with, and buy smaller number of shares for the candidates. Eventually your full position is with the strongest performer like MCO here. And downside is strictly controlled. Upside is loose and the strongest is given the opportunity to take you to booming heights. I'm expecting explosive upside in the next few weeks.

[spikefader]

Ya gotta love a market that'll pleasantly surprize you!

Wow is all I can say....least until I got get another coffee! Go the bull.

YM swing stopped for a push. If this keeps up daily Vector gonna be bullish for sure. Intraday is well there now. I'm back to bull and stalkin a swing long.

Gonna look for some cheap GOOG calls to play too. Channel turn up on the daily yesterday close, and I don't think that's done either.

[dmk112]

Ya gotta love a market that'll pleasantly surprize you!

Wow is all I can say....least until I got get another coffee! Go the bull.

YM swing stopped for a push. If this keeps up daily Vector gonna be bullish for sure. Intraday is well there now. I'm back to bull and stalkin a swing long.

Gonna look for some cheap GOOG calls to play too. Channel turn up on the daily yesterday close, and I don't think that's done either.

Spike, market looks good, but 10890 is a resistance point on the DOW that I'm going to watch.

[spikefader]

OK I'm long the +GOPAI GOOG calls average of 2.30 close enough to S2, and GOOG stock just under its intraday pivot. These calls a steal I think.

[spikefader]

Swing long YM 10930. 10 point stop.

[spikefader]

Spike, market looks good, but 10890 is a resistance point on the DOW that I'm going to watch.

I think I may have gotten close to a c long entry on the 5 min YM chart. Here's the daily DOW I'm lookin' at. This could impulse up quite easily dudes.