Already answered that! I'm not - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65242359

Well, in my opinion, the price will drop in the short-term meaning soon. How long will it continue to drop? That's hard to say but, it should be a more significant drop than 33% which is what happened the last time the weekly chart was overbought like it is now simply because the degree of the overbought reading is greater and we have clear top formation on the Daily Chart.

I don't think I've looked at the TYTN chart before but, the Weekly Chart can often show you things and give you insight that simply can't be seen on any other chart. When I'm making an important trading decision, I like to see the Weekly Chart, the Daily Chart, and the Hourly Chart all telling me the same thing. That is to say if the Daily chart is telling me the market is overbought, and the Hourly Chart is showing the beginning of a downtrend but, the Weekly chart is telling me the market is extremely oversold, then I can pretty much determine that if I wait a few days until the daily chart catches up to the weekly chart and time my trade by watching the hourly chart, I'll have a much better entry point. Make sense? For instance, on the Weekly Chart for TYTN, back in April, it looked like it might be a pretty good time to buy. So, if you were patient and waited for the Daily Chart, and the Hourly Chart to confirm that buy situation, you would then have pretty good trading opportunity, which proved to be true. If you look at the Weekly Chart for TYTN back in June, you will see that the RSI, Stochastics, and Williams %R are all showing signs of becoming overbought and if you remember, on the Daily chart there were lots of signs that the market was overbought even though many of you did not believe it at the time. Today, what we are seeing on the Daily Chart is a possible Double Bottom, What we are seeing on the Weekly Chart might amaze you as it did me. The Weekly Chart appears to be showing a BULL Flag formation which, as you know, can be a sign of sharply higher prices and a continuation of the BULL Trend. So, with the Double Bottom on the Daily Chart and a BULL Flag on the Weekly Chart, and the 60-Minute (or hourly) chart was showing oversold readings on Friday, I would now say that it does look like a pretty good time to buy TYTN on Monday. But, be careful about market orders. You still want to try to get it at the best price you can just in case it retests support at $0.0016 early in the day before it gets going. You might also often see a Gap up opening falter and fall back to where the bulk of the limit orders are before it takes off again so, it never pays to chase a market if you can help it. Here's a look at the weekly chart:

TYTN - Weekly Candlesticks

Ahhh yes, that is true! But, Day Trader's also know about Rising Wedges and precisely where to take profits for optimal gain (as the did today). And now that we're are hovering close to the top of a wedge, I'm sure the day traders will be looking to sell come Monday. The risk will be much smaller now that the resistance is close at hand. Just a thought!

What you point out is valid except for the fact that we have mitigating circumstances. There are certain chart formation such as diamonds, symmetrical triangles, broadening price patterns, and rising wedges, that most people hardly ever pay attention to that come accompanied by support and resistance levels that are not easily seen except to those who already know where they are and are looking for them. These kind of chart formations don't always give clear signals you have to anticipate them. There are of course exceptions to every rule of technical analysis but, there is also a history and a probability and so, I'm just saying that there is a rising wedge and you should be aware of it and then make your own decisions as to how important you believe it is going to be in the direction of the price over the coming week. I'm out of this market for now because I do not like to trade in situations where there is not clear indication of where the price will go. Since I believe that price is going to go down and I primarily trade the long side of the market, I'm very happy sitting with my profits on the sidelines for now. I hate buying into an overbought market in an uptrend. It's way too risky for me.

You read so many things into my posts that simply are not there. Rarely will you see me say anything about time frame. I generally have a feel for whether a price is going up or down and approximately where it may find support or resistance but, almost never do I say what time frame that will take place in.

In my opinion, The last 30 minutes of market activity represent profit taking and short selling. The market is overbought and this rally stopped dead right at the top of the Rising Wedge. Technical swing traders know well what a Rising Wedge can indicate on a chart. These folks do not post in chat rooms. They are far too busy charting, trading, and making money to spend time here. But, they pay attention to the charts and see many of the same things I see and they act on them. So, MAKE YOUR Own Decisions but, here is what I see on the 10-Minute chart reflecting the end of day activity.

SIRI - 10 min Candlesticks

It's a bad policy. Attempting to promote another stock is one thing but using another chart as an example is something else all together. You guys are thinking like the Holiday Inn. "Hide the soap, don't let anyone get the soap", you know?

Why does everyone think I'm telling people what to do? I'm only point out what I see on the charts. I closed out my SIRI position back during the Double Top at $2.35. I bought it back after a Fibonacci retracement at $1.92 and I sold it again at the end of June at $2.20. I rarely sell anything short. I like to swing trade from the long side.

Just as a matter of point, the rally stopped today precisely at the top of the Rising Wedge. The market is over bought and I expect that it will drop back down on Monday probably staying within the Wedge for now.

I'm not disputing the trend. I am only point out the Rising Wedge formation which, as you may know, if you study the charts, is almost always an indication of lower prices.

So having said that, you need to make your own decisions as to whether to buy or sell. I don't care what you do. I made my money and I'm currently out of this market. I originally posted a warning about the double top a long time ago and I'll bet that many of you are still hanging on to those same shares. This rally is giving you a second chance to protect your profits. You can chose to do so or not. That's up to you.

POSSIBLE Bottom Setup Now - There is a possible Double Bottom on the TYTN Daily Chart now accompanied by a Possible Bullish Divergence. If Monday is a down day and support breaks and closes below $0.0016 then Mondays price action would NOT confirm a double bottom here. If Monday sparks a rally, especially on better volume than we had today, then I would say that we probably have have an interim market bottom. I say interim because a rally that begins here may still not get past the Breakaway Gap resistance and if that happens, then the market could go below $0.0016 on the next leg down. Currently the market is oversold and at resistance and one good point is that the level of the RSI is almost identical to the level of previous major support for this market. The only thing that bothers me is that the volume so far does reflect that of a major market bottom.

Here's the Chart: TYTN - Daily Candlesticks

I don't try to predict when. I generally know if it's going up or down and approximately how far it could go before it meets support or resistance but, as far as time goes, I've seen it happen fast and fall that much in one day and I could show you examples of that but, this board does not allow the mention of another chart symbol even when it's for the purpose of illustrating a point. I've also seen it happen slowly. Since this market tends to move more slowly I would guess that it will continue at it's current pace with perhaps just a bit more momentum. That is to say that markets usually go down faster than they go up. If you look at the wedge (chart below) you can see what might happen in terms of days and still be within the confines of the wedge.

SIRI - Daily Candlesticks

So, are you saying then that SIRI is due to go up 50% to what? $3.42 maybe??? Ok, you say $3.42 and I say it's more likely to go to $1.12 or $1.20 over what time frame? How about 9 months?

Joe, you don't even have to read any of my posts if yo don't want to. I'm only trying to point out that in my opinion based on what I know to be true about technical analysis, I believe the price is going lower. You don't have to get mad or argue about it, it's just my opinion. You know the markets are dynamic and they change daily and I change my opinion daily to on occasion. In fact, a few days after I said we would not see $2.28 again, conditions changed and I mentioned that we could easily see $2.30 and today I'll tell you that we could see $2.33 now and it would not change anything because the market would still be trading inside of a Rising Wedge and from my experience, that is a sure sign of lower prices. You don't have to believe me, go look up a Rising Wedge in any book on technical analysis and read what it say about it. I do not make this stuff up. I'm only trying to point out what I see and what it means to me and if I did not do that, then you would not be able to consider that possibility in your own analysis.

Be specific. What's not a fact? Is there no double top on the daily chart? Is there no rising wedge formation right below that? Are double tops and rising wedges not signs of lower prices to come? Did I incorrectly identify the support and resistance points mentioned? Is the market not extremely overbought here? My opinion is the price is going lower. Everything else I posed is fact as far as I can tell even to the extent of the PE figures I stated. So, what pray tell in not true about what I said?

Well, you might be right! I pretty much trade technically and for the short term so, This looks like a bounce candidate here but, so far it's not behaving as expected. But, on the upside the market is extremely oversold with this mornings drop in price, so we might still see a bounce worth catching.

Nothing has really changed Joe. SIRI is still trading inside the rising wedge. The small Intraday Double Top I pointed out on the 60-Minute Chart failed to be a true top formation but, on the 60-Minute chart, that happens a lot. Looking at the Daily Chart, I sill believe that prices will drop sharply lower due to the Rising Wedge Formation. On the Weekly Chart SIRI is extremely Overbought and could drop as much as 33% to 50% in value and still recover into an uptrend. It's the equivalent of taking a rubber band and pulling it to extremes. It will always snap back. The market is very top heavy here. What can I say?

I think it could easily drop 50% regardless of the earnings report. I believe it will begin to drop before the report comes out.

In the future, this web site might help ... http://www.stoxline.com/quote.php?symbol=NEI

It does not matter if you are talking about a 1 minute chart or a monthly chart or anything in between. All charts can read oversold or overbought. If you notice on the chart where I pointed out the Overbought RSI reading when the price was $1.20/sh and how it fell from 1.20 to $0.80 (a 33% drop in price). That market was obviously overbought. But there was not market top formation in place so, that was pretty much a normal price correction. Today with a Double Top and a greater over bought reading on the RSI, I expect a greater than 33% drop in price.

Weekly Chart Confirms SIRI Overbought! I'm not disputing the long term solidity of this stock but for the near term now the WEEKLY, DAILY, and Hourly charts are ALL showing Overbought readings during the same period and when that happens it calls for a significant turn in the market. So, where could the price go? Well, looking at the weekly chart there are support/resistance levels around $1.60, $1.20, and of course $0.80 although, I don't think that $0.80 is very likely. So, perhaps from $1.12 to $1.60 is a good target range but, it's way too early to tell for sure.

SIRI - Weekly Candlesticks

Very NICE Support at $0.0020 on the best volume of the day! Speaking of VOLUME, I just looked at the WEEKLY Chart and the volume spikes are huge! So, something is definitely going on here and it might turn out to be better than a short-term trade.

GRBG - Weekly Candlesticks

Well, if you would take the time to go and read about why the phases of the moon have a history of identifying market reversal points, you would know that yesterday was a full moon and a Double Top on the hourly chart for SIRI and today the price is down. So, what was your question??

I doubt if that will happen. The average PE on the NASDAQ is 27.9. The PE on NEI is only 14. If they wanted to shoot something down, they would aim at SIRI with a PE of 200 or more.

Special Situation Trade! GRBG is in the GREEN market and a lot of these stocks have been exploding on the PINK sheets. The daily chart shows a Double Bottom formation and following that Double Bottom is exceptionally high volume and the start of a move up in price. I see this as a low risk short-term trade that could produce a very large return. On the 10-Day 60-Minute Chart, it looks very interesting and current support at $0.0024 may just hold here for the start of an explosive upside move. Just my opinion, but I bought into this one this morning and it could go the way of SAVW (it's also a green stock). GRBG - 60 min Candlesticks

I really like the 10-Day 60-Minute Chart for confirming what the market is really doing in the present moment in time. It's always managed to keep me from making bad buy and sell decisions. So, draw your own conclusions. SIRI - 60 min Candlesticks

The chart has been very positive until the recent Double Top and now this Rising Wedge.

We have a history of support/resistance at $0.0024 on the 10-Day 60-Minute Chart and with a double bottom on the daily chart and high volume launching this rally attempt, I would say that $0.0024 could prove to be your best place to buy this one.

GRBG - 60 min Candlesticks

NEI moving higher now! I just looked at the fundamentals on this stock and with a PE ratio of just 14 and earnings of $0.08/share in my opinion, this stock is undervalued. Therefore both fundamentally and technically this looks like a very good buy here.

Interesting. So you think that PE ratios are technical? All I care about usually is the chart. The chart is right most of the time. A rising wedge is right almost all the time and so based on that alone, the price of this stock is going down regardless of what the earnings are or whatever other reason comes along. Just watch and learn.

If you are referring to the PE, that is because they are using earnings of $0.01 instead of $0.02. I still think that the stock is too high even at 100 times earnings. Did you notice that there are 290+ million short at the moment? Nice web site by-the-way. I'll have to use that one some time. I like all the statistics they keep. Would save me from calculating it.

Wow! I never really looked at the EPS for SIRI before. I was amazed to discover (assuming this information is accurate) http://www.dailyfinance.com/earnings/sirius-xm-radio-inc/siri/nas/earnings-release that the EPS for SIRI for the last 4 quarters was only $0.02/share. That means that the price to earnings ratio of this stock is an astronomical 112 at today's closing price of $2.24! That is 4 times the average PE of 27.9 on the NASDAQ. http://community.nasdaq.com/News/2010-01/Average-P/E-Ratio-by-Decade.aspx?storyid=17187 I would say that for any stock that has been in a strong uptrend for as long as SIRI has with earnings this low, they can have the absolute best earnings report in their history in August and the price will still go down because this stock is way too expensive in terms of its PE. The price of this stock could easily drop to $1.12/share and it would still be twice the average PE on the NASDAQ.

Lets say that earnings are up by 50% in the August report ($0.03/sh). But the PE ratio adjusts to a more conservative 3 times the NASDAQ average to 84. That would make the price worth a maximum of $2.52/share. So is it any wonder why there is a double top on this market? What's the worst case scenario? Lets say that earnings are flat at $0,02 cents per share and that after all these years of little no earnings the investors are tied of paying these high PEs for this stock and collectively they value it lower at 2 times the average PE instead of 4 times. The price of the stock could easily fall to around $1.12/share and by NASDAQ averages it would still be overpriced.

I think the curreent rally is pretty much over now ...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65160675

Based on what I see on the Chart, my guess would be that earnings are going to be somewhat disappointing. Usually the price action prior to earnings reflects a pretty true picture of what the earning are likely to show. In this case, I believe that the market has been anticipating a lower EPS.

SIRI - Daily Candlesticks

No, just mostly invested and scouting for other opportunities.

LOOKS LIKE No One wants to buy this DOG! Here's why ...
CDOI - 30 min Candlesticks

Check some of my other posts. I don't like to mention other stocks on a specific stocks board.

Well, good luck with that. I see it heading lower.

This one looks like a DOG and that's just my observation at the moment but, I've seen many of these promos fail because there was no substance in the stock. Investors are not really that gullible, or stupid, you know? I'll watch it but, so far I'm not getting any good reasons to join in this thing and there does appear to be many more interesting speculations out there.

Yes, but, it's still inside the wedge and even though it might get $2.30 now, a rising wedge is a very reliable chart pattern and I still have to say that the odds are it's headed back down very soon. Notice that today's volume seems pitiful compared to the last two days of selling.

Why is it already dumped? I don't know maybe because it ran up to $1.00 and fell almost immediately back to a nickle and has been sitting here for over a month. So, now a group of investors has purchased 150 million shares two days ago but, since then, it's been really lethargic. So, that's why I'm confused. And you are comparing this to POTG? Sorry, I do not see the comparison.