I would say that it is time to pay attention, especially being in the Army. If it was the Marine Corps, then no problem.....Semper Fi ;)Quote:
Originally Posted by just sirius
Really, tell him thank you for me!
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I would say that it is time to pay attention, especially being in the Army. If it was the Marine Corps, then no problem.....Semper Fi ;)Quote:
Originally Posted by just sirius
Really, tell him thank you for me!
You got it my friend!
he's a knuklehead but he's grown into a man in about 6 months. He is making his father proud...was in the bottom half of his high school class. #2 in bomb class...go figure!
sent you a PM...no its not about 68 either!LOL
he got dropped from special forces selection after telephone pole that they were carrying fell on him cracking 4 ribs. he didn't tell'um until 2 days later...tough MF.
Bill
thank you for your service to our country!
I love late night on here...........we can throw out all the shit and relax. Thanks for the nice comments, Jeff!
Bill
Hi -
I'm not really putting to much TA time into these guys like I do other stuff (like SIRI where I think I psychotically run 15 charts) - since the pennies are crazy - but I'll have these charts up a few days...
On the daily - I just noted the support that hit at 0.001 that I posted on this thread previously, and I figured it would hit again at some point (which appears to have happened 2 days ago). That and I like the decrease in volume as we wait for the numbers and that volume is decreasing along with it. If you note on the previous peak - the volume went up as the price went down, which isn't as good.
We have 2 overlapping Fibonacci's at 0.00175 - so look for a little resistance here - but if it breaks thru that - it should sail pretty high. I didn't take the time to put the ugly elliot wave down from the last peak - but it's either over, or there may be one more small wave down. Anyhoo - clearing 0.00175 would be great and a close or two under 0.001 in my book would actually make me get out. I jumped the gun a little so my shares are a little higher than what I wanted - but that's the way it goes - my plan is just to stay in and on a decent pop, pull someout and let it ride.
http://www.scripps.edu/~davess/siri/MGLG-daily.png
The 60 min is the one I follow a little more closely.
The descending triangle ended up being bogus, but again, these patterns have limited success on the "real stocks" and the pattern is meant to be for trading much longer time frames...
But I note the trading range in my new notes in purple that had its birth in the trangle days.. I went long after it broke out (the last lavel at 0.0015) which appears to have been early... but that's the way it goes. I was still expecting the hit at 0.001, but if it didn't hit and the stock took off, I wouldn't be in it. Until the number come out, Im not too worried about it - but what I like most on the chart is the up volume ticks noted by green arrows. I was trading something a while back and saw this and then it shot up 60% in a day - and it wasn't a penny stock. I have some dashed lines there in red and green that signal to me game over or game on.
Note that again, I'm using these more to base stuff for my learning and to establish my buys and sells according to how I trade... but thought I'd pitch in.
I'll have more on the others later - as they are more interesting. On my fancy shmancy expensive software MGLG and BEHL (particularly the latter) currently have a pretty good thumbs up - but its trend software - which doesn't fare as well with these volatile pennies.
Oh yeah - dates in the comments are when I wrote them provided my dyslexia wasn't on for the day - they don't refer to the days that the events came. I have a real problem with dates - I noticed that most of them were for april on one chart and had to correct them.
http://www.scripps.edu/~davess/siri/MGLG-60min.png
Man - I just counted 17 charts on SIRI and I have a note to make some new ones... I'm nuts
Hi again -
I washed my truck the other day, and decided to be all cool and put some tire slicker on - so while I'm waiting for it to dry...
Here's my main simple BCLE chart - the pattern I see is a reverse symmetrical triangle. I found a free definition here:
http://thepatternsite.com/EWRevSymmetrical.html
On the chart I noted a few things:
1) I drew in the elliot waves according (we'll at least my interpretation of the elliot waves) to the definition - note you can have waves within waves so going from B to the first "1" there is also a 5 sub impulse wave on the way up, as well as a mini 1-2-3 within that. Now, I'm not big into elliot waves, but if you were to look at a handful of indexes - I'll post one below - you can see they do have a 1,2,3,4,5 up and an ABC down in the works. I know its just tea leaves - but sometimes I think they are self fullfilling if they guys using TA are in the mix.
2) the last upper peaks were on numbers without the trailing decimals - 0.15, 0.16, 0.17 - if the pattern plays out, the peak should be at 0.20 or so... but again - hocus pocus. Just be aware of when the price hits actual pennies, could be a sharp down turn right after. ie. the ride I had in SIRI to cut out at 0.62 in april was fast - once it hit 0.60 - it was pop up, then pop down, no second chances were given. So if you are new, and you have a trading plan, and there's a target you are looking at - pull the trigger - or at least set a trailing stop once your criteria is met and step away.
3) the moves are about 2 months apart - placing I believe the timing of a next move up at about the time the audit is done.
4) The last 1,2,3 is clustered at the bottom - so in elliot wave speak, we have to maybe put in a 3 - of course, anything could happen - but another touch of the bottom line would be coming - an upturn from that though would give me more faith - a pierce and I would call it game over.
5) There is little bit of hitting the fib lines - so for myself - I could take a little off the table if it hits near that 0.075 or so level - the 38.2% retractment.
Anyway - here's the chart - and of course, it would be great if it would play out - but with the pennies, or rather any stock - anything can happen - but these things do show up from time to time, so why not.
If we have to go lower and hit a line though, I'd rather it be the other line just about at 0.02
http://www.scripps.edu/~davess/siri/BCLE-daily.jpg
I guess the "D" should be scooted over, but who knows - that could be the low.... we'll see
Again - I don't use these much for trading - but I have a position in SRS that I wanted out of - and looking at the chart - I was expecting a "B" to be put in with a following C on the IYR chart, which is the underlying instrument of SRS. Which, as I noted before, playing these inverse funds aren't a hot idea, unless you day trade them, as they use options, swaps and futures to get the leverage. Therefore, volatility plays in the equation - and therefore, you'll see pairs of bullish/bearish leverged funds that track the same index move in the same long term direction - just plot any pair like FAS/FAZ over each other, and then against the VIX. I'm getting off track - anyway, the elliot wave count kept me in the trade, and as IYR dropped today, I got a bounce up... so it can help sometimes....
here's the chart:
http://www.scripps.edu/~davess/siri/IYR.png
Well - not much for me on this one - like I said, I accidently bought it as it was 5 mins to end of day the other day, when I meant to get into BCLE. At the time, I didn't like entering on the up part of the last run up - but... after it established a trading range at the top - which I liked, and kept closing on resistance of 0.008, I decided to get in on it - by placing a limit order just over 0.008 - but with all the other crap I had to do, I didn't get around to it - and stayed up all night last night and woke up today at exactly 1:08 pm. Hahaha - I guess it was an omen not to get out of a trade you got into accidently... anyhoo - these charts are pretty simple - I was just looking at the resistance of 0.008 these last few days and the lovely volume, along with the 60,3,1 stochastic holding up. You folks win!
http://www.scripps.edu/~davess/siri/BEHL-daily.png