Market Watch for the week of 8/9/2009

**Dr. Dave** · 08-12-2009, 07:31 PM

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.

**Dr. Dave** · 08-12-2009, 07:32 PM

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

deadlines you know.

**Dr. Dave** · 08-12-2009, 07:51 PM

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.

**billhart22** · 08-12-2009, 07:57 PM

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.

**Dr. Dave** · 08-12-2009, 08:22 PM

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.

**SiriMonkey** · 08-12-2009, 08:35 PM

Originally Posted by Alaska Guy

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

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

Julie

**thetree** · 08-12-2009, 08:35 PM

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?

**just sirius** · 08-12-2009, 09:01 PM

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

**GoHerdGreg** · 08-12-2009, 09:06 PM

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.

**Sworntwofun** · 08-12-2009, 09:10 PM

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

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...........

Market Watch for the week of 8/9/2009

Thread Tools