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Getting a laugh out of these old charts - this one is one of the first I drew almost a year ago... everyday it updates itself, but my notes stay in the same place. I started marking the blue arrows when the price hit the 0.68-0.70 resistance... now I added two black arrows showing where the price finally congested around the next set of higher resistance levels. Creepy. Is it real or not? Looks like $1.25 is next, lol.
http://www.scripps.edu/~davess/siri21/siri-sr.png
another oldie, words off the screen - I like how that line held at the end of 2009.
http://www.scripps.edu/~davess/siri21/siri-old1.png
Here's the old monthly chart, I removed the moving averages, and put in the trendlines. Using a channel approach, a person with nuts could have spotted the turn around point at 0.05. Anyway, looks like we cleared that zone of resistance in the ovals. I could go over to the other siri sites, and say I told you so on those, lol. Anyway, we are getting to the top of the channel. Though, I'm not big on indicators, they are starting to turn positive - look at the Wm%R, ADX and PPO. Just need that Aroon to pop, and break that trendline, but I bet we have to ride it for a while.
http://www.scripps.edu/~davess/siri21/siri-mo1.png
Looks like I haven't touched this one since nov. I don't like it though, lol... I just extended the main channel lines. We are at the top... here I guess I would get rid of the question mark on the "4?" and put a "5" above this peak.
Though we are at the top, a lot of times if you are going to bust out, you'll see some congestion, or pull back to the 61.8% fib which should be on that first chart. So maybe we can break it. Previously at points 1 and 3, there was no congestion, and we had sharp rides down.
http://www.scripps.edu/~davess/siri21/siri-chan.png
dave youre the bomb. i missed most of the support lines on my chart, basically i threw up a target of 1.38-1.43 on an upwards breakout. but its good to know where you see us needing to hold. youre work always teaches me something, thank you.
Bass
Glad to see you back at KOAT...I'm starting to pucker alittle bit about the CC tomorrow am. Did not like today's close...Thought we'd be at 1.15-1.18 going into tomorrow. Now not sure I have the huevos(balls)to go through another pullback with delisting hanging in the air...combined with the 12M 22% increase in short interest from 2 weeks ago...It's a damn good thing I dont have a colonoscopy scheduled for tomorrow...They wouldn't get very far. hahaha
Thanks to you and Dr D for the great information!
JS
Dr D...what happened to Ramsey...haven't seen him post in a while?
js, im here and there im everywhere LOL, just trying to share whatever i can. i really want to liven this thread up again tho. this is the original moneymaker spot, maybe we can make it hot.
Quote:
Originally Posted by just sirius
Damn that's funny! :D
Hey Bass, please do!Quote:
Originally Posted by bassmaster
QASP had some news today and remarkably the SP didn't tank ... Too tired to ramble tonight, looking forward to the CC in the morning.