Sunday, October 11, 2009

Wave 2

Wave 2
As the point enough people who were in the original wave consider the stock overvalued & take profits which caused the stock to go down for a while but not going down to its previous lows and move up again.

Wave 3
  • Longest and strongest wave.
  • Has caught the attention of the mass public.
  • More people find out about the stock & went to buy it.
Wave 4
  • People take profits because the stock is considered expensive again.
  • Tends to be weak because there are usually more people on bullish & waiting to buy.
Wave 5
  • This is the point most people get on the stock.
  • The price is going up.

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