Decisions, decisions (SIRI)

[CabrioM3]

Okay he said it "appears" to be setting up, I see the star, and the volume concurs. Would this be what the book calls an "Evening Doji Star"


John

[Runner]

John, candles are cool when they work, but many times they can fool ya. I’d say the evening star is a pretty good indicator. If I see one of those babies I’ll close out my swing position. Now I have done this and the stock continues to climb, but more times than not the price drops…


Edit: Candle link http://stockcharts.com/education/Cha...Dictionary.htm

[CabrioM3]

Runner, Thank you, I went back six months on siri(I am using siri while I study through candlesticks) and can't see any other stars and it looks to me like there was another one on 1/21?


John

Thanks for the link

[Runner]

John, I guess I named the candle incorrectly. Friday was an evening doji or a sign of indecision on behave of the buyers and sellers. I think SIRI might drop Monday and it will be interesting to find out. I come to this conclusion from the volume. The circles on the chart indicate a evening star and morning star. Notice what happens after this? The candle I see on 1/21 indicates a hammer. When I see these I think Hammer it up. Remember nothing is set in stone and SIRI very well could made a liar out of me…lolo

[New-born baby]

That's right

Runner,

From my candlesticking study, I'd say you are right on .

Fundamentally, SIRI is not a stock I'd stick money into. I might short the thing, but long, with price/sales in a lunar orbit...too much for me. Another gripe I have with SIRI is that most of its movement is before/after hours. It only moves a couple of cents during the regular sessions. Too risky. Moves too much when I am not watching it.

[CabrioM3]

John, I guess I named the candle incorrectly. Friday was an evening doji or a sign of indecision on behave of the buyers and sellers. I think SIRI might drop Monday and it will be interesting to find out. I come to this conclusion from the volume. The circles on the chart indicate a evening star and morning star. Notice what happens after this? The candle I see on 1/21 indicates a hammer. When I see these I think Hammer it up. Remember nothing is set in stone and SIRI very well could made a liar out of me…lolo

Runner I'm sorry I referred to the wrong date, I meant 1/24, is it a star?
Okay I see fridays Eveniing Doji star.


John

[CabrioM3]

Websites to join ---Whats good?

Wow good stuff! Lit wick and stokcharts!

Do either of you belong to these for your charting services?
I have nothing now that will produce candlestick charts other then msn money, and am not sure if they show candlesticks real time.

I wont hold you to your opinions of where you think this may go, thats the nature of the beast, for both siri and stocks in general, all we can do is learn more and try to detect trends... so no disclaimers needed!
Nothings more humbling





John

[Runner]

John, I have a subscription with stockcharts. I do like the scan feature they have, also like the amount of charts I can save and view latter.

[CabrioM3]

Stockcharts it is!

Been messing around with it today and I think I can cancel some other subscriptions elsewhere as this site looks quite comprehensive, its got bollingerbands and countless other tools. Thanks


John

[CabrioM3]

How does after market activity affect Candlesticks? As an example siri on Thursday the 27th, Appears to be an up day but really is down from the previous close! Only cause it retraced some of its lose does it appear white or empty. So does this get reflected by a gap? And New born Baby I suppose this is exactly what you meant about the activities outside the trading day.


I am currently reading Steve Nison's books.

John

[Runner]

Watching to see if SIRI turns here or not!!

[Runner]

Oh well too much pressure on this thing, looks to be falling like a knife!!

[Runner]

Now I'm wondering if this spike low was a temp bottom?

[New-born baby]

SIRI's proposed bottom

Runner,

On another forum they are shorting SIRI with a bottom near 5.38. Their viewpoint is that they love the runnup on lower volume, and buying on emotion and commercials instead of fundamental news. We'll see. As I said before, it is a very safe short because it has no profits. You could hold your short a long time and make it pay. And its a long time until next Christmas.

[spikefader]

Runner,

On another forum they are shorting SIRI with a bottom near 5.38. Their viewpoint is that they love the runnup on lower volume, and buying on emotion and commercials instead of fundamental news. We'll see. As I said before, it is a very safe short because it has no profits. You could hold your short a long time and make it pay. And its a long time until next Christmas.

I dunno, but I don't think it's gonna fall that far. I'm still seeing an inverted SHS on the daily, with R shoulder forming now. Maybe 6.00 or so?? The door of opportunity is still wide open for a strong run up and gap up island reversal leading to test of Dec highs and maybe beyond. That's the positive view anyway