Market Watch for the week of 8/9/2009

oh yeah, just reread your post - the second wave up refers to the move from 2 to 3... it will be called the impulse wave - in the definitions I beleive, these are also considered to be fractals - so looking at the SIRI chart again... you'd put a big #1 where it says "5" for a larger scale move, and a big #2 where it says "C", then we'd place a big #3 if this new smaller wave finishes a 1,2,3,4,5 up - you'd place the new #3 at the new "5"

Going downward in fractals - you can see on that siri chart you can put an ABC down between the later 1 and 2 - but you don't always see these... but if you were trading at the 5 min level, they are likely there too.

again - hocus pocus, but a lot of folks take it pretty seriously. That's what gave me the faith on the SIRI move previoulsy.

appears I overwrote the qasp chart I had the support/resistance on - will have to start from scratch later.,,

deadlines you know.

quickly -

you would place a "1" at the high of qasp's last candle, and hope that "2" is today's low, and that the recent flood in vol would make this a move that forms elliot wave structure. you can't forcast a price for 3, but odds are that it would be longer than 1 to 2. How's that.

Gotcha! I like the way you fine-tuned the ABCD. I didn't see any numbers 1,2,3,4,5 but I know what I am looking at so I got the message. That is really interesting. You do really nice charts. :)

I will start looking at that pre-third wave in that manner from now on.

Keep in mind as you go from one to the other, there will be little ones (fractals) in between a lot of the time... so don't discount the run to be over based on a day or two with the pennies... on the pennies, everything is sharper... that's why (even though I give them far less merit), I cut down all my indicators to 1/2, like instead of a 12/26/9 for PPO (or macd), it looks like 6/13/4 or 5 is likely better... actually I use lansings numbers for PPO, so regularly, I uses 8/24/8, but for pennies it would be 4/12/4, etc.

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Originally Posted by Alaska Guy

Got it filled, 119k shrs @ .04. I'm now part of the club :)

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Joined TWO clubs in one week. Senior Member Club and now this.
What a week Alaska Guy!! :thumbup:

Julie :)

I am installing Think or Swim right now. Does anyone else use it? Apparently TD ameritrade is offering it now. Any useful tools I should definitely check out?

FYI

SiriusXM offering 250M senior secured notes again! Could be something! just sayin!

Pushing debt out to 2015 that was due in 2011! I believe

Let me know how t-o-s install goes for you, 'Tree. I have TDA and am thinking about taking them up on their "the first hit's free" offer.

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Originally Posted by just sirius

FYI

SiriusXM offering 250M senior secured notes again! Could be something! just sayin!

Pushing debt out to 2015 that was due in 2011! I believe

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http://hosted.ap.org/dynamic/stories...MPLATE=DEFAULT
This is very big..its gives siri the opportunity to bring their current interest rates down...push debt payment out untill 2015...to accumalate cash on hand, boost credit rating and big money should come pouring in..........

This could bring the share price up fast and furious... more in the short term that we been hoping for 4 or 5 years out..........
This is great news...........:cool:

Well Greg, I'm pretty new to trading so take this for what it's worth. There is a TON of info right at your fingertips and I think it would be REALLY helpful if you were a full time trader, but just like any platform it looks a little crowded right from the get-go. It will take me a little time to get it to a place where i can use it. Its pretty cool that it streams CNBC video directly into the program, if you like that kind of thing. There is live news streaming constantly and if you are watching a chart there is a button called "LIVE NEWS" that will put a small news window right under the chart.
All the usual charting and drawing tools look easy to use (if i knew how). I guess what it boils down to is that EVERYTHING is customizable on this and it has every tool you could possibly want. I always wondered why they always show traders with 2 huge monitors in front of them and this really helps me understand why. This program will let you put anything and everything a trader could possibly want directly in front of you with no flipping around.

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Originally Posted by thetree

I am installing Think or Swim right now. Does anyone else use it? Apparently TD ameritrade is offering it now. Any useful tools I should definitely check out?

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I used to trade with a group of hardcore TA guys who mainly traded stock options and futures... they all used TOS before TD Ameritrade bought it. They loved it. The other 1/2 of the group used eSIGNAL for TA, and traded thru interactive brokers to get their fills.

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Originally Posted by thetree

Well Greg, I'm pretty new to trading so take this for what it's worth. There is a TON of info right at your fingertips and I think it would be REALLY helpful if you were a full time trader, but just like any platform it looks a little crowded right from the get-go. It will take me a little time to get it to a place where i can use it. Its pretty cool that it streams CNBC video directly into the program, if you like that kind of thing. There is live news streaming constantly and if you are watching a chart there is a button called "LIVE NEWS" that will put a small news window right under the chart.
All the usual charting and drawing tools look easy to use (if i knew how). I guess what it boils down to is that EVERYTHING is customizable on this and it has every tool you could possibly want. I always wondered why they always show traders with 2 huge monitors in front of them and this really helps me understand why. This program will let you put anything and everything a trader could possibly want directly in front of you with no flipping around.

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Looks like they have contrarian indictors built right in - CNBC - just trade opposite! Look what those guys did to my AMZN trade - bastards, LOL.

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Originally Posted by Sworntwofun

http://hosted.ap.org/dynamic/stories...MPLATE=DEFAULT
This is very big..its gives siri the opportunity to bring their current interest rates down...push debt payment out untill 2015...to accumalate cash on hand, boost credit rating and big money should come pouring in..........

This could bring the share price up fast and furious... more in the short term that we been hoping for 4 or 5 years out..........
This is great news...........:cool:

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Good - maybe it'll keep 4 over 1 in my new elliot wave count, and help bust the semi-pennant formation.

just finished up some bass fishing...got skunked:(.....

anyways.. a little recap , i sold my all my QASP this morning between .041 and .044. had a limit order before the start of the day.. added a shitload of RTGV right after to avg down, rtgv closed up 10% for today. i like my call there. i said i was thinking of buying in the low 3's after i sold my QASP , i should've opened a new position there. oh well, gotta follow my plan. i'll see how it does tomorrow, i was still worried about the last couple of candlesticks. im liking my moves so im not gonna beat myself up over it. anyways, how is everyone doing tonight.

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Originally Posted by bassmaster

just finished up some bass fishing...got skunked:(.....

anyways.. a little recap , i sold my all my QASP this morning between .041 and .044. had a limit order before the start of the day.. added a shitload of RTGV right after to avg down, rtgv closed up 10% for today. i like my call there. i said i was thinking of buying in the low 3's after i sold my QASP , i should've opened a new position there. oh well, gotta follow my plan. i'll see how it does tomorrow, i was still worried about the last couple of candlesticks. im liking my moves so im not gonna beat myself up over it. anyways, how is everyone doing tonight.

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Good evening Bass...funny, I got in Qasp today @.039, just below where you sold, probably not too smart an my part, Oh well.

I love bass fishing but have not had a chance to go this year. I used to go every night years back when my ex father in law and I would stock local ponds with some whoppers and fish them everynight at dusk. I plan on getting back to that next year with my son when he turns 4 and try to turn him on to fishing.

You know people are tired of waiting for miggle to do something when the bashing has stopped for the most part over at the spoke:D. I'm in at an average of .001 so I have no choice but to wait. I have the most $ in this one and scour the internet for news and never find anything.

Hey Romo, when Big Ben goes down field, watch out for this guy

<---------:boxer:

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Originally Posted by atmgeek1

Good evening Bass...funny, I got in Qasp today @.039, just below where you sold, probably not too smart an my part, Oh well.

I love bass fishing but have not had a chance to go this year. I used to go every night years back when my ex father in law and I would stock local ponds with some whoppers and fish them everynight at dusk. I plan on getting back to that next year with my son when he turns 4 and try to turn him on to fishing.

You know people are tired of waiting for miggle to do something when the bashing has stopped for the most part over at the spoke:D. I'm in at an average of .001 so I have no choice but to wait. I have the most $ in this one and scour the internet for news and never find anything.

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good evening atm. i sold for my own reasons. i think i was the first one to get in this after bill posted a chART of it.. i opened with an initial investment of 1k at .030, then added on the downtrend another 6k averaging down to about .16, i then bought an additional 1k at .050 thinking it was gonna test .06. so , i sold where i did to lock in profits, recoup any losses and start over where i feel comfortable. i profited very well off of it. i said yesterday if it didnt stay above 5 i was out. i put in a sell this morning, got a good deal and said i will buy in low 30's and 20's. i missed my buy in the low 30's but im up on my RTGV (where i dumped more money - and avg down a considerable amount) trade today ....

i am far from done with QASP. i know its potential, and its pullbacks. this is a fun game to be a part of.

Ravens, of course my most hated team....well, after New England...no, baltimore is definately more hated...although i think id rather see baltimore beat new england....(sorry tyler)

must watch this video if you are invested in spng

http://hosted.mediasite.com/mediasit...50b998f17295be

specifically at 8 minutes 10 seconds

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(shareholders will be very happy, and we will be extremely profitable, we told the street 40mm revenue but expect much more)

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http://hosted.mediasite.com/mediasit...50b998f17295be