Friday, July 11, 2014 4:50:51 AM
USTC 0.0006 - stock is at Bottom of Wave #2
...and is ready to enter Wave #3
Elliott Wave Basics
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100835666
Wave 1
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.
Wave 2
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.
...and is ready to enter Wave #3
Elliott Wave Basics
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100835666
Wave 1
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.
Wave 2
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.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
