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Thread: Siri weekly thread 08-19 to 8-25 2013

  1. #41
    Limit5Bass is offline
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    Part 2 of my SIRI update has been posted, for any that are interested. Sorry for the day delay but I had some family issues to deal with. Enjoy….

  2. #42
    Limit5Bass is offline
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    Buying the dips and selling the rips, FB is making me extremely happy. It feels good to pile drive the Snitzel man after the beatings he used to give me!!! Take that Focker!

  3. #43
    Limit5Bass is offline
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  4. #44
    Limit5Bass is offline
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    Denco, I think that $3.65 area is the key going forward, at least that's what I illustrate in my Part 2 SIRI update that I posted a little bit earlier...
    Quote Originally Posted by denco1 View Post
    Good Morning All......Tks for the updates Bass!....EDIT....Tks for the Charts RC!

    It is interesting to see that 3.65 area come into play on your different anchor points in your update Bass. Check out my 3 month chart and our most recent run from 3.04 to 3.85. Just so happens that the 23.6% retrace shown by my green segmented line falls at that same point. Looks to be an important area for SIRI to BLASTOFF from.......I hope.

    Attachment 1101

  5. #45
    Redcloud is offline
    Nice trade Slapshot, I didn't get my flat close, they gave us a little chump change. Have a great weekend all.
    Suck Eggs Shorty!!!

  6. #46
    denco1 is online now
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    Quote Originally Posted by Limit5Bass View Post
    Denco, I think that $3.65 area is the key going forward, at least that's what I illustrate in my Part 2 SIRI update that I posted a little bit earlier...
    Quote Originally Posted by Redcloud View Post
    Nice trade Slapshot, I didn't get my flat close, they gave us a little chump change. Have a great weekend all.
    Nice call RC. those 3.63s I picked up earlier today are tasting mighty sweet going into the weekend.......Have a good one dog!!

    Thanks for the updates BassMan!......Sure looks like that 3.65 area is a magnet of sorts......Glad to see a bit more upside before the start of corrective wave C if indeed that is the course the dog takes. Going into Holiday, Labor Day...a week from this Monday, SchnitzelMan likes to take time off and let the markets be happy so that the wealth affect will kick in and people will be more willing to spend freely and be out and about spending cash during the long Holiday Weekend. Therefore, maybe more upside in general for the next few days and then a downdraft going into the monthly jobs report after the Holiday....we'll see how it pans out.

    Have a great weekend All........GLTA


    EDIT: Those 2 SIRI updates are chock full of information Bass....Tks again for the info. and effort!!
    I will need to re read them over the weekend to make sure I got it all straight....Have a great weekend.
    Last edited by denco1; 08-23-2013 at 05:20 PM.

  7. #47
    denco1 is online now
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    Looks like the next strong area of resistance is 3.72-3.75......

    SiriCS.jpg

  8. #48
    denco1 is online now
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    On the HighLow, a - EDIT - Quadruple - top break at 3.72 gets us to 3.77 before the next resistance point.

    If all goes well over the weekend we should be knocking on 3.72s A$$ Monday....


    Nice higher low too...

    SiriHiLo.jpg



    EDIT: Obviously, a break of 3.60 to the downside SUCKSBALLS as there is a triple bottom of support at 3.60. Next stop to the downside would be the 3.50-3.52 area.
    Last edited by denco1; 08-23-2013 at 04:50 PM.

  9. #49
    denco1 is online now
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    Very interesting Weekly candle formation. Looks like a hammer for the current week and a Harami Cross as well.

    BassMan and other chartists care to chime in and confirm or deny?? This being the weekly chart might give a little more strength to the formation as last weeks daily failed to confirm the bullish reversal.......or did it....


    SiriW.jpg

    EDIT: the closing price of the last 2 weeks is the same at 3.70. Does this fit the criteria of the Harami Cross??
    Last edited by denco1; 08-23-2013 at 05:04 PM.

  10. #50
    Limit5Bass is offline
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    I agree with the hammer formation, but it is on weaker than normal volume so it is not a clear cut support area.


    SIRI 2013-08-23(6).jpg

    A close above $3.71 on Monday or Tuesday, which is the opening price of the 8/19/2013 candlestick, would indicate to me the uptrend is resuming for the short term. I would also like to see an intra-day high poke above $3.73, where my alert is set to notify me if it does……SIRI did close near the high of the day today and on increasing volume, both positive signs if not for now, the short-term trend after any immediate further push downwards

    as I state in my SIRI update part 2 on my website though, I think SIRI will face a little more downward pressure before resuming its uptrend...


    Quote Originally Posted by denco1 View Post
    Very interesting Weekly candle formation. Looks like a hammer for the current week and a Harami Cross as well.

    BassMan and other chartists care to chime in and confirm or deny?? This being the weekly chart might give a little more strength to the formation as last weeks daily failed to confirm the bullish reversal.......or did it....


    SiriW.jpg

    EDIT: the closing price of the last 2 weeks is the same at 3.70. Does this fit the criteria of the Harami Cross??
    Last edited by Limit5Bass; 08-23-2013 at 05:50 PM.

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