Spike's Scientific Stock Analysis

[spikefader]

Scalp short YM 11021. 20 pt stop.

[mystiky]

Ers

Hi Spike,

Any thoughts/updates for the chart of ERS?

Doesn't 21.50 - 22 look like nice resistance for it?

Thanks,
Mystiky

[spikefader]

SNDA; looks good on the short side from these levels......gotta be a good r/r setup here.

[spikefader]

Hi Spike,

Any thoughts/updates for the chart of ERS?

Doesn't 21.50 - 22 look like nice resistance for it?

Thanks,
Mystiky

Hiya mystiky.

I'm impressed with how strong this one is......there's a 20-day long signal right here.....
Some thoughts:

[TFred]

Greetings Spike,

Would this pattern suggest a bull flag?It looks to me like a nice support area as long as that gap doesnt fill.



BTW BEL is getting more and more volume,watching the bid/ask,the sellers aren't budging yet.Thanks again for the call.

cordially Tom

[New-born baby]

I always said he was a woman

Vector on a daily basis remains strong......indicates this weakness is a buying opportunity.

But SPX falling from double top resistance and Dow falling from that major pink trendline I posted recently, I have my doubts about what Vector is whispering....

Watch it, $pike! That Vector is a woman, and she lies!

[spikefader]

Greetings Spike,

Would this pattern suggest a bull flag?It looks to me like a nice support area as long as that gap doesnt fill.



BTW BEL is getting more and more volume,watching the bid/ask,the sellers aren't budging yet.Thanks again for the call.

cordially Tom

I'd call that a symmetrical triangle.

It can break either way, and there are reports stats on this page...

http://mysite.verizon.net/resppzq7/st.html

Looking at the weekly for PPHM, I'd ignore a breakdown and wait for support play long I think....that's just a cursory look at the chart though and I haven't drawn it up..

[spikefader]

[spikefader]

YM closed my scalp short for +20.

Vector remains bullish at the close. I'm a bull again fer the morning...

lol NB, Vector a woman! lol I've never thought of it that way. And I don't think it lies.....it may just be wrong from time to time. But when it's right it's trending right and that's where it really makes up for the choppiness that it can show.....let's face it, my Vector has given me a bullish bias at times when very few people at this forum have been......and it's proven correct.

[New-born baby]

You calling me an old bear?

NB, let's face it, my Vector has given me a bullish bias at times when very few people at this forum have been......and it's proven correct.

Hey, you calling me an old bear? Fear charts growling too loud for you? hehe Just kidding. If that Vector is making you money, then I need to learn more about it. Can you tell me, what on earth the Vector is?

Signed,
DumDum the Bear

[TFred]

Greetings,

Spike and New Born,how long and difficult is the process of opening an IB acct.?With Scottrade,a local branch was nearby,and all paperwork was handled in person within an hour.3 days later my acct. was ready.How does it operate with IB?And is an option Account available at the same time?

cordially Tom

[spikefader]

Hey, you calling me an old bear? Fear charts growling too loud for you? hehe Just kidding. If that Vector is making you money, then I need to learn more about it. Can you tell me, what on earth the Vector is?

Signed,
DumDum the Bear

hehe, probably NB; those fear charts will make even a bear scared lol

Vector is my secret weapon dude! Although I may have to change its name if Webs employs the word 'Vector' in his VTP haha

Seriously though NB, Vector is merely a TA-based system that I use to formulate my market bias. It does help greatly with futures trading and my own decision-making process regarding stock exposure. One time months ago I actually posted a chart that showed its bias calls and it was pretty obvious that it got it right more often than it got it wrong, and not only that, but it caught trend changes very early. Yep, it can be choppy, but when it's hot, it's hot, and will find the new strong market trend pretty quickly.

I'll see if I can find that chart and post it. I will even try to update it with my posted biases since that chart to get an idea of how it's performed recently. As for talking about the specifics I shall for the time being continue to hold those cards close to my chest. Happy to share the calls, but not the specific method.

[spikefader]

Greetings,

Spike and New Born,how long and difficult is the process of opening an IB acct.?With Scottrade,a local branch was nearby,and all paperwork was handled in person within an hour.3 days later my acct. was ready.How does it operate with IB?And is an option Account available at the same time?

cordially Tom

It's a fairly simple online process Tom. Shouldn't take more than about 30 minutes. There is a very simple test section regarding liability and risk etc, another one when you apply for options or futures. There are a total of 4 sections to complete, all done electronically and you're done.

Check this page out for further info:

http://www.interactivebrokers.com/en/accounts/individuals/individualSteps.php?ib_entity=llc

I'd also recommend you test drive the demo TWS platform out to get a feel for it while you're waiting for your account to be enabled for trading. I can highly recommend the platform's hotkeys and booktrader functions, in addition to OCA orders (one order cancells all).

It's a pretty impressive platform I think. And you'll be very happy with the speed of execution that direct access offers. You'll wonder why you ever waited so long to get on board

[New-born baby]

Usg

Okay, $pike:

Looking at USG I see something. What do you see?
By the way, your call on VLO was right on. Sold the stock at profit, kept holding the out-of-the money calls I had sold. Now I just need to determine the support level to re-enter the stock.

GooG working on a descending triangle.

[spikefader]

YM swing long 11058. 30 pt stop.