Thursday, March 23, 2017 9:34:59 AM
Yes I am looking for a move to the 200 DAY Moving Average. This is a very healthy move after the more than 1000% run up in September and October of last year. TTCM has been on a tare and needs to finish consolidating. By the way any words you do not relate to you can go to any investing dictionary and see what I mean.
So after such a run up the ticker needs to CONSOLIDATE. The WEAK holders need to be flushed out of their holdings. The thing that flushes weak holders out is a nosedive and fear that comes with it. You and I are in this for the next decade if possible with hopes that each year we become more and more wealthy (not a bad word). There are some who bought in the .000 that want out. They have to be satisfied with their profit or get scared out. Generally, it is the latter.
So that being said, on that "magical day" when we POSSIBLY hit the 200MA I suspect we will hit it and BREACH it by a few percent. I am not even worried about how low we go as a reason to hold my powder. I will pull the trigger the second we hit the average...as long as other indicators are still positive which I suspect they will be.
We may never get to the 200 MA. The stock action is so strong in TTCM that I believe there is only a 50/50 chance. The reason is that the Accumulation line is so powerfully strong to the upside for more than a year meaning MOSTLY strong holders are buying. This is the reason I have been saying that we are in the "shakeout" NOW and we may not need to shakeout at a lower price. WAYYYYY too many strong buyers right now.
The best I can say is keep in touch and I will be glad to say my position. Of course I have to say that I do not think any analysis is correct all the time. I hope my analysis on the Accumulation at least is correct.
One more option is that the stock remains in this sideways pattern and it PULLS UP the 200 MA which would be freaking phenomenal. I am constantly looking for other plays but I cannot find any as strong in all areas as TTCM...so I find myself continuing to put my weekly and monthly money into this symbol as opposed to any others.
Peace
Sorry I forgot to thank all the posters here. Very thoughtful posts by most both positive and negative. Much appreciated.
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