Sarissa Resources, Inc. (SRSR.PK) Followed Through On 12-24-08's 5% Major Buy Signal
Sarissa Resources, Inc. (SRSR.PK) followed through on 12-24-08's 5% major buy signal/breakout today 12-26-08, see http://stockcharts.com/charts/gallery.html?srsr, rising +45.83% (+0.011) to 0.035, on 9,441,932 shares, versus over 5 million shares on 12-24-08 and a +50.00% gain. Note the very large bearish spike on today 12-26-08's candle.
SRSR.PK might have put in a Wave 3 monthly cycle high today 12-26-08, see http://stockcharts.com/charts/gallery.html?srsr, or, will probably do so next week if there's an upside surprise. However, today 12-26-08's cycle high also might be a short term Wave 3 cycle high (after looking at it a little more, it appears to be a short term Wave 3 cycle high), since the Elliott Wave count isn't an easy/clear one right now. The Wave 1 monthly cycle high occurred in mid/late November 2008.
The fact that today 12-26-08's candle is white, see http://stockcharts.com/charts/gallery.html?srsr, indicating a bullish close above the open, means that SRSR.PK is more likely to surprise to the upside than if it had closed below the open. That being said, why chase it right now? If it makes a large bullish breakaway type gap at Monday's open I might day trade it for fun.
Looking at SRSR.PK's intraday candlestick chart, see http://finance.yahoo.com/q/ta?s=SRSR.PK&t=1d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c=, it looks like it might surprise to the upside early on Monday.
SRSR.PK hit a 5% follow through major buy signal on 12-24-08, on over 5 million shares, closing at the session cycle high 0.024, which correctly pointed to more upside early today/on Friday 12-26-08.
SRSR.PK very likely entered a Cyclical Bull Market in October 2008, along with GDX/HUI/XAU (http://stockcharts.com/charts/gallery.html?gdx), and, like HUI/XAU, it has a very bullish triple bottom in October 2008, with three large bullish inverse spikes, see http://stockcharts.com/charts/gallery.html?srsr.
Sarissa Resources, Inc. (SRSR.PK) is a very speculative pinksheets stock. Not a recommendation, do your own due diligence.
See http://www.sarissaresources.com/ for Sarissa Resources, Inc. (SRSR.PK) web site. See http://nemegosenda.sarissaresources.com/ for what looks like a good Blog about their big project (they have a handful of properties). This company looks very interesting.
.......http://www.JoeFRocks.com/
SRSR.PK might have put in a Wave 3 monthly cycle high today 12-26-08, see http://stockcharts.com/charts/gallery.html?srsr, or, will probably do so next week if there's an upside surprise. However, today 12-26-08's cycle high also might be a short term Wave 3 cycle high (after looking at it a little more, it appears to be a short term Wave 3 cycle high), since the Elliott Wave count isn't an easy/clear one right now. The Wave 1 monthly cycle high occurred in mid/late November 2008.
The fact that today 12-26-08's candle is white, see http://stockcharts.com/charts/gallery.html?srsr, indicating a bullish close above the open, means that SRSR.PK is more likely to surprise to the upside than if it had closed below the open. That being said, why chase it right now? If it makes a large bullish breakaway type gap at Monday's open I might day trade it for fun.
Looking at SRSR.PK's intraday candlestick chart, see http://finance.yahoo.com/q/ta?s=SRSR.PK&t=1d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c=, it looks like it might surprise to the upside early on Monday.
SRSR.PK hit a 5% follow through major buy signal on 12-24-08, on over 5 million shares, closing at the session cycle high 0.024, which correctly pointed to more upside early today/on Friday 12-26-08.
SRSR.PK very likely entered a Cyclical Bull Market in October 2008, along with GDX/HUI/XAU (http://stockcharts.com/charts/gallery.html?gdx), and, like HUI/XAU, it has a very bullish triple bottom in October 2008, with three large bullish inverse spikes, see http://stockcharts.com/charts/gallery.html?srsr.
Sarissa Resources, Inc. (SRSR.PK) is a very speculative pinksheets stock. Not a recommendation, do your own due diligence.
See http://www.sarissaresources.com/ for Sarissa Resources, Inc. (SRSR.PK) web site. See http://nemegosenda.sarissaresources.com/ for what looks like a good Blog about their big project (they have a handful of properties). This company looks very interesting.
.......http://www.JoeFRocks.com/
posted by Joe Ferrazzano at
9:37 PM
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