Wednesday, July 16, 2014 5:35:20 PM
USTC - ready for Wave 3 - C
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Interpreting Elliott Wave Basics
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100835666
Wave 1 - A
from 0.0004 up to 0.0014
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 - B
from 0.0014 down to 0.0005
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.
http://stockcharts.com/h-sc/ui?s=USTC&p=D&yr=0&mn=4&dy=20&id=p03030242738
Wave 1 - A
from 0.0004 up to 0.0014
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 - B
from 0.0014 down to 0.0005
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.
Elliott Wave Basics
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory#elliott_wave_basics
These 8-wave charts show two larger degree waves (I and II)
as well as the lesser degree waves within these larger degree waves.
Waves 1-2-3-4-5 are one lesser degree than Wave I.
By extension, Wave I is one larger degree
than Waves 1-2-3-4-5.
Waves a-b-c are one lesser degree than Wave II.
From the 0.0042 High, down to the 0.0004 Low,
USTC completes the 5-Wave Decline Sequence,
setting-up Waves A and B
Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
Interpreting Elliott Wave Basics
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100835666
Wave 1 - A
from 0.0004 up to 0.0014
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 - B
from 0.0014 down to 0.0005
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.
http://stockcharts.com/h-sc/ui?s=USTC&p=D&yr=0&mn=4&dy=20&id=p03030242738
Wave 1 - A
from 0.0004 up to 0.0014
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 - B
from 0.0014 down to 0.0005
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.
Elliott Wave Basics
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory#elliott_wave_basics
These 8-wave charts show two larger degree waves (I and II)
as well as the lesser degree waves within these larger degree waves.
Waves 1-2-3-4-5 are one lesser degree than Wave I.
By extension, Wave I is one larger degree
than Waves 1-2-3-4-5.
Waves a-b-c are one lesser degree than Wave II.
From the 0.0042 High, down to the 0.0004 Low,
USTC completes the 5-Wave Decline Sequence,
setting-up Waves A and B
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