Spike's Scientific Stock Analysis

[New-born baby]

$11

Hi Spike,

You predicted (when it was $17.80) that ERS would hit around $22.50, and it even did one better at $23.50!

What about now? Is it "safe" to go long again around the $17 level? It looks like there is strong support around $16.50...

Your crystal ball says...

(thanks)

Do you mean "$11 level?"

[spikefader]

Tom! Great call!
We oughta start callin' your calls "Tom's Divvy Dips"
I know you may still be mid-ride, but nicely done dude!

[spikefader]

YM swing short 10875. 30 pt stop.

[spikefader]

sekto; INSM gave you nice strength this morning to sell into. And the discount buy is S1 right here for 2.32, a 3% discount on your 1st entry.

[dmk112]

All this red is hurting my eyes...sheesh!

[TFred]

Tom! Great call!
We oughta start callin' your calls "Tom's Divvy Dips"
I know you may still be mid-ride, but nicely done dude!

Greetings,

Thanks Spike,

I covered at 19.74,it may dive more,but Im satisfied with it.Actually all the trusts got hammered today.

What Im not satisfied with, is my failure to act on the CRM short,by the time I looked at it,it was already down 12%.Would you short any strength on that one?

cordially Tom

BTW picked up some HGT,Dist yield is 14% at 34.

[TFred]

Daily thoughts here. Definately long bias for me while that gap holds.

Greetings,

With todays action,does 25 seem reasonable?Trying to put a R/R setup together.Im looking to short if it heads towards the gap,and see if it fails.Would rather not chase.

cordially Tom

[spikefader]

Wow Tom.... CRM a classic example of why 'c' failures are significant. What looks like a simple move from 'b' to 'c' and gap support area, leads to failure and big dumpage.

[spikefader]

...CRM....Would you short any strength on that one?
cordially Tom

Yep. c short presenting now...

[spikefader]

CRM; here's an r/r that looks ok....
short 35.00 resistance, stop -4% (36.40).
target another 5 waves down.
target of 28.00 would be 20%
r/r is only 5. Perhaps wait for the 36.00 resistance to sell. That improves the numbers.

[spikefader]

if short 36.00 then that's 1% stop and 22% target. R/r is 22 and nice.

[spikefader]

if short 36.00 then that's 1% stop and 22% target. R/r is 22 and nice.

But obviously now, you've got this facing you.


EDIT: PLUS, the R shoulder there, that's arguably where the 'c' up completed...and the neckline break is the 'c' failure.....lol

[spikefader]

OK, if you're still not short, the play is short 36.00 and stop 36.41.

[spikefader]

It's all action:

[New-born baby]

Vlo

Spike:
VLO crushed down from $63 to $50. PnF chart says she's a-goin' to $36! I know I ought to believe the chart . . . but that seems a little too low. What thinkest thou?