Replies to post #49645 on Triple 000 and Sub-penny Chart Plays

[trader53]

USTC - Where its at in Elliott Wave terms

http://www.forexhit.com/learn-forex/elliott-wave-principle.html

* Embedded Chart

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.



Wave 2: From 0.0014 Down to 0.0006

Wave 1: From 0.0004 Up to 0.0014










http://stockcharts.com/h-sc/ui?s=USTC&p=D&yr=0&mn=2&dy=10&id=p13134114755