EVERYTHING HAS CHANGED
Capstone's outcome lies solely on the
Fundamentally Sound Market
and no longer on deception, nor shorts
This Market now sees through the
Deception and Gimmickry
and on into the forest of the trees
14M Short Shares Recently Covered
Bottom Bullish Reversal
What is historically common, is that all Reversals
turned after the price reached most of the major
and minor support levels that have existed .
Past Major Bottom Reversals :
June 2005 - Mar 2007 - Feb 2009
Sept 2010 - Jan 2013 - And Now
I have always tried to find some other external
coincidental points as well, a type of confirmation .
In this case, it has been with the Russell-2000 (R2K) .
Right now the R2K is in the last phase of an Elliott Wave Pattern (the EW-C part), imo. Also, the R2K's 200-SMA is moving up, as its price is moving down. At the same time they are both approaching a Support-Target set around $1216 [an ave between two (1 long - 1 short) support trend-lines]. Imo, this Target could be an approximate coincidental technical point of convergence/divergence regarding CPST's Reversal, versus the overall Market. I've speculated that at the time of Reversal money would then rotate into the more resilient companies of this Industry and Sector, like that of Capstone Turbine. Last stated June 7, in Post #23631 .
Deceit and Gimmickry About The Market ?
We are in a Secular Bull Market. Corrections and rallies within it, are what Markets have always been made of. And when you start to hear opinions contradict themselves all in the same breath, about why new lows are happening versus why new highs are happening, then you know that deceit and gimmickry is not far behind. World Markets speed up, and slow down. It gives the Media something to do. One day there's a headline about how awful China is doing, and then the next day there's a headline about how great China is doing ... etc., etc., etc .
The CPST price action will Stair-Step Upward, using various Patterns as it advances, with occasional pullbacks. These pullbacks will be used by some as leverage to support a downside opinion, while using deception and gimmickry. This can run the risk of missing advances .
Too much coincidence here to not consider heavy buying, imo. CPST's Fundamentally Sound Market is now starting to reveal itself .
