Spike's Scientific Stock Analysis

[spikefader]

Spike, what do you think about CYD's move today?

http://finance.yahoo.com/q/bc?s=CYD&t=5d

Hey. Nice learning charts!!!

Check them out one at a time.... first the weekly.

[spikefader]

CYD daily.......

[spikefader]

CYD intraday
Good shorting opp at 10.75 C failure.
See the SHS at the top. Classic.

[jiesen]

CYD intraday
Good shorting opp at 10.75 C failure.
See the SHS at the top. Classic.

cool, thanks, Spike! I just may try that.

[spikefader]

CYD: The only problem with the short at 10.75 is the 5.5% stop risk if you place the stop over hod.

So, since C was at 10.70, and price resistance is at 10.76, I think a wiser move is the short 10.70 with a 10.80 stop. That's only at 0.9% risk.

[spikefader]

cool, thanks, Spike! I just may try that.

Good luck. Added chart to previous post.

[spikefader]

CYD options

[spikefader]

OK, CYD breaking up, but the volume is less than impressive.

[spikefader]

CYD more thoughts.

[jiesen]

OK, CYD breaking up, but the volume is less than impressive.

ok, thanks for the warning, I decided not to trade this.

--- and a good thing too! I'd have been stopped out in a minute! ---

[spikefader]

ok, thanks for the warning, I decided not to trade this.

I'm glad. It's whispering higher to me right now. And there goes 10.80 as I type.

[spikefader]

This is why you must trade what you see, not what you feel. The ascending triangle broke up, and despite the low volume it produced a good move.

Next setup is hod short.

[Thomrich]

Greetings Spike,

Would a bounce off 31.03 on SNHY be a smart double bottom indicator for a long,or would the failed inverted SHS take precedent?

cordially Tom

[spikefader]

CYD two mixed signals on the way to HOD

[spikefader]

Greetings Spike,

Would a bounce off 31.03 on SNHY be a smart double bottom indicator for a long,or would the failed inverted SHS take precedent?

cordially Tom

Hey Tom. I think it's a smart move to bid the lod (or close to it) and exit if it fails. LOD bid gives you the lowest stop risk obviously.

The inverted SHS earlier today is only invalid in my book when lod fails.

By the look of it now there is a chance that S2 at 31.22 has held for the possible double bottom. It's always nice to get double bottom at same price - that's perfect, but often the 2nd half of it never actually gets to the lod. And if that's true for SNHY today, then you've got to decide whether to take the current discount to the neckline entry or wait for an exact double bottom. But frankly, the way the pattern looks, the DB is in for today. 31.60 is a discount to the neckline break long signal if that's any consolation