So, is this comfirmation day. The market seems to be tame PM. Maybe SIRI is setting up for a little upside.....
Another High/Low double top break.....low volume.
High-Lo.jpg
Just in case we have some eager beavers wishing to take some profits at these levels, I decided to put some dry powder back to work, and have buy orders for 100K+ shares at various price points all the way down to 2.70. Just in case.
I moved this thread to the "Stock Talk" forum. Hopefully this doesn't throw anyone for a loop. I left a redirect in the main forum which will stick around for a week. No big deal, I'd just like to see the stock talk in a forum specific to the stock. Thanks guys.
Charles LaRocca
SiriusBuzz Founder
Pandora is getting smashed in after hours. Thats always interesting.
Charles LaRocca
SiriusBuzz Founder
A big white candle on heavy volume tomorrow would sure be welcomed tomorrow, but I sure don't expect it. I would expect a gap-up tomorrow morning though....since that is what SIRI does....if the bulls can hold it, then up we go. but the several tall upper shadows on the candles I mentioned on my prior chart gave signals that there was some selling pressure going on and SIRI succombed to it today.
the evening star yesterday was the final clue before the sell-off, especially after the 4 questionable gap-ups in a row on low volume each of the last 4 days. SIRI should find some support at the 2.72 level. However, if 2.72 is breached look for 2.65. if things get really ugly do to some macro event, the next stop could be 2.57.
As always, good luck trading.SIRI 2012-12-4.jpg
Last edited by Limit5Bass; 12-04-2012 at 11:41 PM.