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Couple things
1) Daily chart; notice that we have a nice cross candle stick looks like it will close inside the daily BB. Also, look at the MACD at the previous corrections. It's not unusual on the ITRO daily chart to have the MACD break the 0 line just barely before it jumps up.
2) Weekly Chart
Check out the Boillnger bands here; It's just touched the midline of the Weekly. I didn't say this last week; but i anticipated we might have a short dip into the mid 20's when looking at the weeekly chart. Technically; we could even touch the lower band before shooting up, but I don't think that is as likely. When the price comes down like this, it will make the weekly bands tighten up more. If it didn't do this and we kept going higher we would likely be pulled back down and stall out much sooner.
I know we all hoped it would just keep that perfect little bullwedge on the handle and fly up; don't get discouraged yet.
Hey Fed,
I'm only a little concerned. I mean..I liked it in the 30's too.. but another way to look at it,
Coming down to the mid-point on the weekly boillies. Bottom weekly still on it's way up sharply. A move down will make it come up even faster. Next week it should tighten up more.
Price often will dip down on the boillies, just before it launches. Not unusual for it to move the opposite way before the launch.
Hope I'm right!
Hey fed: Moon:
Right now I am hesitant to make any big predictions about the overall market. I agree that just looking the moon chart it looks like we should get a nice drop around the coming full moon. The tick lines are peeking. Possibly rally wed and then down thurs/fri?
Or maybe we get an intermoon reversal and we go straight into a low on feb 28th. Possible sideways action on the market? Nothing on the chart really suggests that, except that the broad markets seem to be kind of in limbo land now; unable to find a solid direction.
To be honest, I don't have a good feel for what will happen. I will say that this is the second time I saw the three moons like we did and it usually represents a top. We already had an 8% correction. Will we head down more and end up around 10%?
The author of astrocycle.net says that we may see a low coming into Feb 28th and into March 4th around 1018-1030 (S&P 500) then to come up into April highs. According to the author; as long as we don't break 1018 the uptrend is still in tact.
What i see is all major indicies have gone bearish via Ickimoku Cloud and MACD on the daily chart but are still holding bullish on the weekly chart. They are still holding the long term MA even on the daily chart.
Actually it could go as soon as Thursday; but next week is when the real run will start.
tunnel of love: About to break
I am calculating another 5 days as the BB tighten up some more. The weeklies are just getting ready to squeeze. Dailies are just about there. MA-50 is gunna start putting upward pressure soon.
I'm thinking next week will be the week.
the perfect hedge against the future stock...
ITRO really is the perfect hedge. Here is why
1) Silver play; one of the best hedges against inflation
2) Fertelizer/Food Play; hedge against depression, drought, famine, population growth
3) Green/Recycling
It's almost like Whitney had a prophetic vision of things to come and created this company to make the future a better place.
AgNau-dollar and metal
Do you really think the dollar is at it's end though? If that were true, why did we see deflationary pressure at the start of this collapse? The only reason we are seeing any inflation at all is because of the sheer amount of currency printed and all of the the bailout.
When you look at the big picture though with the 12 trillion dollar deficit and the interest on the deficit, it is certainly not looking good. However; I don't think we are at critical mass as % of GDP yet.
Solider,
you hit the nail on the head. We are the shareholders. Most of us have some considerable interest and position in this stock. We have all been talking about the future of this company and have a strong believe in it.
Now it is time for us to spread the word and market it. What about posting info on other boards?
Investorshub alone has tones of breakout and best-pick forums. Besides that what about yahoo, and tons of others. We should come up with a collaborative plan to attract new investors.
Maybe we could work together and make a little newsletter or something.
I could imagine Soilder coming up with the company background, I could help with the technicals, some screenshots of some good charts (Ikimoku includeD).
And a good picture of the fundamentals.
So there are some thoughts
full moon on feb 26th,
I dunno fed,
looking at all the charts and TA, including the moon it looks like we actually might get a fullmoon high on the 26th. Remember the moon phases reverse sometimes, and you have to use TA together with the moon.
We have a double-top breakout on the P&F yesterday. MACD is giving a strong crossover. I think if we get resistance it will be closer to the 11,000 mark (11,150 is currently the weekly 200 ma).
Overall, I wouldn't make any long term bets on what the broader market will do.
Scenario 1: 11,150 high on 2-26, then a wave down, then it breaks dma in March.
Scenario 2: By feb 28th, We rally back to 10550-10600 and we don't break the top of the daily Ickimoku cloud.
Scenario 3: We stay capped where we are and either trade sideways or roll over. Key support area is 10180, 9910, ~9000.
In any case, I wouldn't short the market unless MACD turns down considerably and rolls over. The market would really have to break 10050 at the earliest.
Right now the setup looks more bullish; but again we are still in a transition zone so hard to say.
--- To me scenario 1 is looking most likely.
--- Of course we could trade sideways, but the chart doesn't look that way to me.
Mason,
Problems?
I'm way up on my position that's averaging around .0016.
ITRO is one of the best performing stocks in my portfolio now.
bubba, leave fed alone...
He's obviously seen the light and is a strong believer in ITRO. He's now adding tons to this forum and will be a good part of the team to get the word out.
Now it's just a matter of patience. Good time to accumulate while we are waiting.
timeframe...
I think we have a good chance of lift-off in 8 days; because the bb on the weekly chart are tightening very rapidly. If it's not within the 8 days I don't think it will be much more then that.
1-2 weeks, I doubt it will be much more then that.
What are we waiting for?
In case anyone is wondering that,
It is likely we are waiting for the weekly bollinger bands to tighten up. The daily's are already tight and we are in the 'tunnel of love'
bottom band on the weekly is shooting up fast. When we squeeze we should launch.
AgNau, thanks for the good analysis on the differences between then and now..
The same thing is very visible on the Ichimoku chart. It shows that this is not just a temporary rally, but a true trend change. First time in many many years. We have a lot of room to come up, and nothing dragging us down.
This week and next week should be strong
I don't usually give predictions that are this short term, but I think we have a strong likely-hood of being around .0050 within the next 8 days.
That would be a a great setup and fuel a bullish continuation pattern.
Things are looking good
Moon analysis
Hey Fed,
Sure i am up for it. Bear in mind that when things get crazy around trend changes and stalls I'm a little rusty and still learning.
As you noticed we had three moon phases where the market traded basically flat, then we had a small blow-off top rally followed by an 8% drop from the top. Whenever you see the 3 moons flat it usually means a drop is coming.
The market has been in a confirmed daily downtrend since around 1-19-10. This is confirmed by the daily ADX and Ichimoku Cloud. The weekly chart is still intact, which means so far this daily downtrend is corrective.
The market is now rallying nicely off of the low of 9908 on the dow signaled by this weekends full moon. (highs and especially lows can actually occur 3 days prior to the moon). In order to confirm that the downtrend is over we need to make a nice new high over 10650. A nice pivot point will be 10400 when we break the dma 50 on the daily chart. That will give us some momentum and push us back on track. I am thinking by April timeframe.
For now we are still in the 'cautuios' zone.
For ITRO:.....
I think we may see us break the cup .0035 this week. We are getting some good momentum and this period should be good for ITRO.
I can't help but be excited...
I just wanted to take a second to thank everyone on this board for being so cool. I feel like we have a cool community of real people on here; not like Yahoo or other boards with people who don't really know whats up.
Most everyone here is a long term holder and is really friendly to newbies. I can't beleive I've been following this board for 18 months now.
Thanks again to everyone,
especially SH
technicals
1. two green candle days; should single a new daily uptrend
2. cup and handle pastern
A. handle made a nice bullish wedge, which has now broken
B. now at the top of the handle and ready to break the cup
3. New moon on 2-14 (Sunday/Monday) should drive the next breakout
4. RSI now turning up and over 50
5. volume ready to bounce
6. Stochastics reset and on a solid bullish move
7. Bollinger Bands tight; and signaling a move up
8. Ickimoku Cloud still in tact and showing solid bullish trend on both weekly and daily charts. When we finially break the cup (.0035) it will give another strong bullish crossover and indicate te strongest signal we have seen yet
9. MACD also in a bullish configuration and ready to cross.
Everything is looking good. Cup-and-handle is one of the best patterns to trade.
If you look at the weekly/monthly you will see we are probably headed for another larger cup at 1.8 cents.
I'm a little tea pot,
Short and stout
Here is my handle (one hand on hip),
Here is my spout (other arm out straight)
When I get all steamed up,
Hear me shout
Moon and market: whats next
This is where my area of expertise is limited. You can see the obvious correlation of the moon that has gone on for several periods.
In my best estimate, if we don't hit a new high by 2-13, we could start a larger leg down and come down to 9300 at least.
That said, it could also be an osilation, where the new moon that is coming up becomes a 'new moon low'.
This is where combining trend line analysis and regular TA is important. We can see 'something is about to happen'.
someone hit the bid!
Yes, it is likely this will set in as a full moon low and we will go up next week and the following.
Next week,
I think next week will be the next leg up. Notice the cup and handle. The handle has formed over the entire past 14 days leading up to this full moon. Next week we should break the cup and run.
Broader market I am still concerned about. If we do not set in a new high, we are at risk for another larger leg down.
Moon the market and ITRO
So far, as I forecast, it looks like we are forming a nice handle. Hopefully this means we have lift-off shortly after the Janaury 30th full moon.
The broader market to me looks like it could go either way. I'm hoping for a new reaction low also on January 30th, of around 10250.
I am being cautious overall, because of the recent eclipses and because of the 3 moon phases that did not give strong market signals. I have seen this often produce reversals.
>Chri, wtf is a Ichomoku cloud? lol
Hi Fed,
I guess I missed this post. I want to reply to it beacuse this is one of my favorite indicators. I'm not a paid subscriber to stockcharts.com so I can't post charts.
But I can give you easy instructions
1: Goto www.stockcharts.com
2. Select weekly
3. Scroll down to the 'overlays' section
4. Click Ichimoku Clouds
5. Click update
This is a Japansese indicator that is supposed to give the best at-a-glance view of a chart.
Notice the significance of ITRO on the weekly chart. Also note teh strength on the daily chart, and how we are still above 2 support lines on the daily chart, and the weekly looks awesome.
1) The cloud itself shows the major trend. If if is above the cloud it is bullish, if it is below the cloud it is bearish.
2) The blue and red lines represent the first line of support and resistance. Also when the blue line crosses the red line it is like a MACD crossover.
3) The following indicates the strength of bullish cross-overs (blue over red)
- Below the cloud: Weak Bull
- in the cloud: Medium Bull
- Above the cloud: Strong bull
4) The following indicates the strength of bullish cross-overs (red over blue)
- Below the cloud: Strong Bear
- in the cloud: Medium Bear
- Above the cloud: Weak Bear
5) There is also a 'trailing acceleration' indicator. When it crosses above the 26 day price lag it indicates the stock will accelerate upwards.
Pretty amazing isn't it?
Yeah Fed, I know it's pretty trippy to see it right there in the chart.
There is a good chance it will make a top this thurs/fri, but the market also has a nice base aroud 10,500 and some good trendline support. Plus we've been in a multi-moon rally so I'm not convinced we will see a large move down yet.
Just make sure you use good judgement when looking at the moon trading. There is definitly something to it, but without combining other factors its still hard to predict what will happen at the turns.
We also have a solar eclipse on the 15th and a lunar eclipse 2 weeks later.
lunar trading:
I use this site to check when the next new and full moon is going to be:
http://stardate.org/nightsky/moon/
Again this site gives a very good info on market timing and astrology. It has some great charts even if you don't beleive in the astrology part of it:
http://astrocycle.net/Astrology.php
http://astrocycle.net
Couple interesting facts for ITRO:
ITRO: Pennant break to the upside on the full moon 12-30-2009
ITRO: Last run to .0035 high before the pennant on the full moon of 11-03-2009:
In some previous turns it's been off by 3-4 days but without much price movement so in this case if you did the trade it still works for timing indicators. Watching the broader market the affect is uncanny.
re: financial astrology
Hey Fed:
Here is the link you were asking about.
http://astrocycle.net/Astrology.php
It is very clear how the market moves with the lunar 28 day cycle. It is not as simple as buy on full and sell on the new moon though. You have to combine trend and TA analysis.
What mechanism explains this?
Your guess is as good as mine; Although I do have a couple of creative theories.
Moon...
Trend changes often time occur on either new or full moons. And actually taht's an understatement. They almost-always occur then.
Sometimes you will get a multi-moon run as we have had on the major index's lately. ITRO does not neccisarily follow the broader market, but even it's major highs and lows have occured on the moon.
Mercury retrograde I don't think is going to be as strong of an influence for trading. It could mean the basic things, delayed information, etc. The larger planets do also indicate major changes, Jupiter, Saturn etc.
I'm not an expert on financial astrology, but the moon trend is very obvious, when you combine with trendline, pattern and traditional TA it can be very informative.
Pattern and the moon-
my guess?
consolidation in .0032 - .0037 range forming a cup and handle.
Could last a couple weeks (new moon to full moon). If I'm right this is actually a very supportive pattern for the long term trend. I also see another cup and handle forming higher up around 1.2 cents.
Today has a small wick
What a great close for the week!
I'm looking forward to next week. Not only is the chart on fire but we should have a strong move into the new moon.
In the broader market we are still making new highs and it looks like a new base may be getting setup around dow 10500 on the point and figure (P&F) chart.
Both ITRO and the broader market should be up going into next Thursdays new moon.
I'm expecting a nice move up for ITRO.
I wonder what happens in the two weeks after going into the full moon. Will we have a modest pullback or continue to ride this multi-moon uptrend.
strange bid/ask
Yeah it' is weird how it dropped, bid ask is .0032 .0034, so it may take a few hits,
Kinda weird how it dropped so quick without any real sells.
Not the end of the world, we will still post a strong weekly candle of likely have a breakout next week,
Hi Fed,
Remember from a T/A perspective, the Pennant was most prominent on a weekly chart. Therefore watch the week over week for a solid pennant break over the top. This is actually a good thing because it means even stronger mommentum.
jmho.
Chrion.
How do Aurics profits tie in to ITRO and ITRO shareholders?
This is a good sign; really ready to run
50 DMA daily holding and pushing stock price up
Ichimoku cloud daily held support and now pushing up to run
Ichomoku cloud weekly confirmed breakout and shows this is really ready to run
MACD, RSI and stochastics are now bullish.
The most important thing is the indicators are now confirming that ITRO is in a 'confirmed up-trend'.
This is the most important factor, since this hasn't happened in at least 3 years.
Next year we will definitely run.
I have 5Mil,
I think that's pretty good but I wouldn't mind having 10 either :)
Nice Bull Pennant on weekly chart
Does anyone else see that nicely formed bull pennant on the weekly chart. We are at the apex now, should have a nice break up next week or first week in January.
Then we should have a crisp break over .0030 and beyond
I'm getting excited...
2010 is going to be a great year for ITRO. We are getting really close to a breakout. I think we are going to have a great January.
Return to the OTCBB
Fed, I agree with you that they should have the money and be in a good position to return shortly. Personally I don't have to hear this announcement tomorrow, I think that as long as we get it anytime in 2010 it will be fine.
From their point of view there's probably not a great urgency to do it this second as they are working on all these other expansion avenues. Better to use the money to fund the expansion and then use the revenues from that to fund the return to the OTCBB when the time is right.
Those audits are NOT cheep. 100k can go along way in other areas.