NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Where I believe we are right now !

In "ELLIOTT WAVE THEORY" terms...

a BULL PHASE is characterized by a 5-wave pattern.

I believe we have made the 1st major wave ( .034c to .42c),

have concluded the 2nd wave, the corrective phase in the form of the "a,b,c pattern" (.42c down to .10c),

and have now begun the 3rd major wave, and have made the 1st of 3 minor waves within this 3rd major wave (.10c to the current .18c test)

The 3rd major wave should be very impressive !!!!

http://www.optionsoutlet.com/trading_technicals/images/improv31.gif

http://www.learning-to-invest.com/charts/wave-extension3.gif

Wave 3 is strong up-move based on good economical prospects; real improvement in living conditions and never the shortest wave. On its way up, wave 3 will find the resistance of the wave 1 top. This may take some time, but once it is broken, more investors will step in, believing that the trend is really up again. Wave 3 is usually strong because it is supported by big masses. The trend is clear, and there is positive news. Wave 3 makes the biggest move and has intermediate extensions. Almost all stocks take part in this move.