Spike's Scientific Stock Analysis

[dmk112]

YM stopped out for a push on the swing. And look at it drop on this 'c' failure (from the hourly) dmk!

Yep it's dropping like a rock. Shorty time.

[spikefader]

Shorty time.

Yep, considering it's a 'c' failure on the hourly, I think it'll be a tradeable drop. Looking to short some decent strength for the edge....

[dmk112]

Short @ 11008

[spikefader]

[dmk112]

Spike, you revised your count! lol

[spikefader]

dmk,
I'm thinking that 'c' failure was the minor count (the subwaves) within the 5th up. So of course it's completely plausible that this minor 'c' failure is simply occurring to allow for an adequate bigger abc in the bigger black count. So this drop is an 'a' and the 'b' and 'c' should follow in choppy conditions the remainder of today and tomorrow morning?? I'm stepping aside and waiting to see what vector does at close. Right now, it's bearish.

[dmk112]

Short @ 11008

Cover, +13

[spikefader]

Spike, you revised your count! lol

Well, the hourly count I did before is the red count within this one isn't it? Anyway, took it long just then at 10997 for a support play looking for 'b'.

[spikefader]

....long just then at 10997 for a support play looking for 'b'.

not the entry I want. Out for -5.

In fact, there was scalp short signal about 10 minutes ago that I ignored. With vector so close to closing bearish, it's probably silly to have ignored that one.....hmmmm.....

[spikefader]

Vector closed bearish. Bear suit on. Caution longs.
Just took YM short 11009. Stop slightly above 11042.

[dmk112]

Vector closed bearish. Bear suit on. Caution longs.
Just took YM short 11009. Stop slightly above 11042.

Yup a pullback is in the works for sure. I have a feeling I shoulda held my short.

[dmk112]

Spike, do you think the "c" entry will be anywhere near 10910? I have a feeling this is where the DOW will retrace to before going higher.

[Websman]

Vector closed bearish. Bear suit on. Caution longs.
Just took YM short 11009. Stop slightly above 11042.

Should help my GM short out.

[Thomrich]

Greetings,

I could have posted in the options thread,but I'd like your thoughts chart wise on this play,



Alot of folks are shorting this stock at these levels,I'd like to try a straddle play,Im thinking of shorting it at resistance and buying Feb 35 calls as the insurance.


I see 2 gaps to fill ,yet the volume could make them invalid,any perspective Spike?
It concerns me that short seems so obvious to alot,thats why Id like to cover with a call,and keep the stop on the short tight.

cordially Tom

[Runner]

Spike do you agree on the count on this monthly chart? The middle line is Len reg