Spike's Scientific Stock Analysis

[spikefader]

hotkey configuration: http://www.interactivebrokers.com/ph...g_Hot_Keys.htm

and to configure show unrealized profit and % go to your TWS, and on the toolbar you'll see "configure". Then do this:



Newborn is right; it takes some time to get familiar, but it's awesome once you do.

Best!

[alice4321us]

Spike/NB/Tom
How about shorting AMN, up over 10% today?

[New-born baby]

No

Spike/NB/Tom
How about shorting AMN, up over 10% today?

Alice,
No. Don't step in front of that speeding train. You'll get run over.

What you need to know is the difference between shorting into strength (as Spike teaches) and shorting into a freight train. The difference is this:

When a stock is in a downtrend, then you short into any strength it shows.
When a stock is in a bullish uptrend, if you short it, you'll get smashed by the freight train.

Here's the chart of AMN: bullish freight train.


Here's Tom's descending LEA:

[spikefader]

Spike/NB/Tom
How about shorting AMN, up over 10% today?

[alice4321us]

Thanks for saving my life

Alice,
No. Don't step in front of that speeding train. You'll get run over.

What you need to know is the difference between shorting into strength (as Spike teaches) and shorting into a freight train. The difference is this:

When a stock is in a downtrend, then you short into any strength it shows.
When a stock is in a bullish uptrend, if you short it, you'll get smashed by the freight train.

Spike

Thanks for once again educating me and saving my life
How about SCST, this has been in uptrend and sitting on 20 DMA (I know you don't care abt those MA's too much), but seems like this has good potential for a breakout.

[New-born baby]

Lea

$pike
LEA has a possible inverted head and shoulders pattern. Do you like it short?

[spikefader]

Further on AMN; Newborn makes a great point. Trying to catch tops is tricky; and this issue is hitting all time highs and is a freight train.

But one can't deny it's meeting criteria I look for to exit long/take profits, and thus it's a valid short area.

Just a matter of making the r/r worth it.

I'll post any pattern I see to confirm a short entry.

[spikefader]

Spike

Thanks for once again educating me and saving my life
How about SCST, this has been in uptrend and sitting on 20 DMA (I know you don't care abt those MA's too much), but seems like this has good potential for a breakout.

Hey alice, surely just an unintended error. You can edit your post to read Newborn as the one you're addressing And Newborn, thanks for posting opinions and help in this thread dude. I do appreciate it.

[spikefader]

$pike
LEA has a possible inverted head and shoulders pattern. Do you like it short?

Chart-wise the pop today to channel resistance was a valid pattern to short. The r/r was there for Tom's play, so while today's high stands in place yes, I like the short bias for it. It was Burnt Toast candidate in recent times, but IB lists it as unshortable and Mytrack doesn't have shares short for it so I guess it's "Next!" hehe

[alice4321us]

Confused

Hey alice, surely just an unintended error. You can edit your post to read Newborn as the one you're addressing

Thanks for confusing me??

[spikefader]

re earlier http://img134.imageshack.us/img134/631/amnmar291ks.jpg

AMN anticipate the head setup r/r of 8.5 is ok.

[spikefader]

Thanks for confusing me??

lol sorry. Newborn actually replied to your question but you thanked me. hehe np!

[New-born baby]

Thank you $pike

re earlier http://img134.imageshack.us/img134/631/amnmar291ks.jpg

AMN anticipate the head setup r/r of 8.5 is ok.

Okay, now I get it Your chart helped me out. You are anticipating the head and shoulders. DOH! If I only had eyes to see! You taught me something today! Thanks!

PS Took the CNQ trade today.

[spikefader]

MYGN really tempting r/r here folks.

Spike's Setups

[DSteckler]

Will look even more tempting if/when it gets through its 20-day EMA.