NewStream Energy Technologies Group Inc (NSGP)

[trader53]

We could be entering Wave(3) now !!!

(1)5 = 0.42c, A = 0.10c B = 0.185c C(2) = 0.062c

http://www.optionsoutlet.com/trading_technicals/images/improv32.gif

http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=2&mn=0&dy=0&id=p65069317831

The following explains what happens to form each Wave:

Wave(1) = 0.42c (Impulse Move)
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) A = 0.10c B = 0.185c C = 0.062c (Corrective Wave)
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."

Wave(3)
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).