Trade the Cycles

Tuesday, October 09, 2007

Spicy Pickle® Fast Casual Restaurants (SPKL.OB) Put In A Wave B Double Top Today

Spicy Pickle® fast casual restaurants (SPKL.OB) put in a Wave B double top cycle high at 1.12 today (edit: hit 1.14 after I posted this, so, there's no longer a Wave B double top, and, Wave B remains in effect, but, should soon enter Wave C) of an Elliott Wave ABC down up down monthly downcycle, see http://stockcharts.com/charts/gallery.html?spkl. The price points are labeled.

Spicy Pickle® fast casual restaurants (SPKL.OB, http://finance.yahoo.com/q?s=spkl.ob) appears to be a good penny stock to trade, see http://stockcharts.com/charts/gallery.html?spkl. Wave B is in effect, and, Wave A bottomed at 0.92. I'm looking for Wave C to bottom at roughly 0.75ish. I'll probably bottom pick SPKL.OB at 0.75ish if a bullish large inverse spike occurs and volume is high.

....... http://www.JoeFRocks.com/ .

2 Comments:

  • How does the Spicy Pickle pick look fundamentally?

    By Anonymous Anonymous, at 2:47 PM  

  • Hi,

    I don't make stock picks. I provide market timing analysis/info and some fundamental and economic analysis. SPKL.OB looks great fundamentally to me, but, do your own due diligence. Good luck.

    By Blogger Joe Ferrazzano, at 3:06 PM  

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