Replies to post #50194 on Triple 000 and Sub-penny Chart Plays

[trader53]

USTC - 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

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

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.



Wave 1

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

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.