Replies to post #50490 on Triple 000 and Sub-penny Chart Plays

[Nebuchadnezzar]

PLEASE HELP ME UNDERSTAND THE INSANITY THAT IS HESG



$.0002 close for MONTHS!!!!! WHAT THE??????

[trader53]

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

[trader53]

USTC the Longer the Tail, the Higher they Sail !

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104369768

[trader53]

USTC the Longer the Tail, the Higher they Sail !


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104369768