Solidus Communications Inc (SLDC)

[trader53]

SUGO Waves 1 and 2

The 5-wave impulse pattern



SUGO Wave 1 - 0.00 up to 0.0004
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons, real or imagined) feel that the price of the stock is cheap so it's a perfect time to buy. This causes the price to rise.

SUGO Wave 2 - 0.0004 down to 0.0001
At this point, enough people who were in the original wave consider the stock overvalued and take profits. This causes the stock to go down. However, the stock will not make it to its previous lows before the stock is considered a bargain again.

SUGO Wave 3 - 0.0001 up to 0.0004
This is usually the longest and strongest wave. The stock has caught the attention of the mass public. More people find out about the stock and want to buy it. This causes the stock's price to go higher and higher. This wave usually exceeds the high created at the end of wave 1.

SUGO Wave 4 - 0.0004 down to 0.0002
Traders take profits because the stock is considered expensive again. This wave tends to be weak because there are usually more people that are still bullish on the stock and are waiting to "buy on the dips."

SUGO Wave 5 - 0.0002 up to 0.0008
This is the point that most people get on the stock and is most driven by hysteria. This is where you will see the Company News Pr and any Promoters Promotion Alerts. Traders and investors start coming up with ridiculous reasons to buy the stock and try to choke you when you disagree with them. This is when the stock becomes the most overpriced. Contrarians start shorting the stock which starts the a,b,c pattern.