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By XMAS would be nice...
It's possible :) I'm still lookin at all next year when I think this thing is really going to run
Could someone post a link to this chart...
: stockcharts.com :
* Weekly Chart
* Ichimoku Chart Overlay
* MACD Indicator
* Full Stochastics
* RSI
* MFI (Money Flow Index)
Please post 1 Year and 3 Year Charts
We have finally made a real break folks. Notice that this is the first time in 3 years we have broken the upper resistance band. The top of the band was .0023 and we are now at .0027. Makes this different then all other rallies.
You can also note the strong MACD, The Stochastics with strong positive divergence and still a lot of room to run. Combine this chart with the positive fundamentals and things on the horizon and we have a pretty good scenereo playing out here.
Hey guys,
no one said anything about my crazy ramblings about moon-trading. Does everyone think I'm crazy now??
Fed what do u think?
pps and chart are still looking strong
Hey everyone,
Just thought I'd drop a note; The chart on ITRO still looks very strong and I think we are getting close to the next large move up. That said, I wouldn't be surprised to see it stay in consolidation pattern for the rest of December. Not saying that it won't break sooner just that the bbands are still tightening up some. Remember we've had a large move already from .0009. Jan 2010 and beyond looks really good.
I'm also still watching the moon, and the braoder market is seeing some interesting things this month. It made a high on Nov 1 (full moon) and instead of it making a true low on the 14th and a new high on the 28th, the market is basically trading in a horizontal trend. Now that we are moving into the new moon it will be interesting to see if we set even newer highs. This is the area of moon trading that I am not that experienced in. I have observed that this pattern can go either way, either setting a new strong multi-moon run, or represent a change in trend downwards. Being that we have some good support lines under us in the market we will eitehr see a continued ralley into the new moon on Dec-16th, or a modest pullback to the nearby trendline at the new-moon and then a rally into the fullmoon close to the end of the year Dec 30-31
Anwyays this is the area that i'm just learning, and I'm not good at predicting what will happen when the moon cycles do interesting things yet.
I'm also not sure what this means for ITRO as it doesn't usually follow the broader market, although as I pointed out last time ITRO does also follow the moon along major highs and lows, just somtimes it is inverse to the broader market.
small dumps @ .0022
I don't understand it either. why do people like to dump to keep teh shareprice down. Are they trying to do long term accumulation? It seems that someone really wants to keep this in the low 20s
And they anticipated we were going to try to bring it up to .0025 so the last 10 minutes they dropped it so that didn't happen.
weird
I don't understand the whole MM thing. WHy do they keep price down?
Can we get this to close at .0025?
I bought 200k, sorry coudln't get more today.
It'd be nice if it closed even ;)
that might give us an automatic confirmation on Monday
Yeah, I'm not surprised about the week volume. From what I've seen on this stock, there are alot of people on the sidelines who are waiting for some key things to jump in. We see that happen every now and then, which means this is on alot of people's watch lists.
And Fed, if you want to talk about the moon :)
Good chance we start seeing price and volume pick up AFTER the fullmoon and as as the next new moon starts to wax.
the oscillation with the moon is very apparent in the broader market. I'm not an expert in moon trading yet, but there is definitly a coorolation. Buy on full moon sell on new moon, but really its alot more complicated then that because it can reverse and osscilate and you have to combine it with thecnical analysis and trend lines. Sometimes you will have a trend continue for 2-3 moons, but the key is the reversals, when they do happen almost always happen on the new or full moon.
Sometimes these penny stocks do other interesting things though including going against the main trend. Possibly investors selling the broad market on new moon peaks and buying penny stocks. Not sure exactly what causes it. You can note the recent pullback started on Nov 3rd at the fullmoon. Then it showed some bottoming at the new moon, and now it's consolidating (presumably) through to the next full moon where the uptrend should (hopefully) continue. Also possible we could see it spike up and give us a full moon rally again, but the chart is suggesting we could see a few more days of consolidation first. Dunno if this helps, it's hard to pindown when but this helps a little.
One more thing Fed on timing, I'm lookinag the chart again and I think we have a strong likleyhood of the chart being at or above .0030 by Dec 14th. I know everyone wants to see this thing shoot up to .01 overnight (which I am confident it will do someday), I think we need to hit these key targets first, and like I said, ITRO is a 'slow' chart.
Once we hit these targets this year or early next year the chart will really attract alot more people, and then we will see the real blast-off. That in conjunction with the positive news, 10x silver, california fert.
I'm just glad that the fundamentals are getting exciting right around the same time as this chart turning up.
It's hard for me to call a specific day on this chart, especially since we are still in a consolidation zone, but it looks like we are reaching the end of consolidation and will move upward.
The chart says it will be anytime between now and Jan-15th are likely, but I have a strong feeling it will be either next week or the week after.
The bollingerbands are tightening up and offering support close to .0020 which matches the critical support areas I was talking about yesterday. That's a good sign and means that if we do get a move down to the bottom band again it will confirm support and bounce upward. When the bottom band crosses .0022 even better, but .002 is good enough to solitify the chart.
In the meantime, this is good accumulation time. I wish I had more money to add. I may dig some up for today.
Sure Fed,
Let me explain...
In the past several rallies over the last 2-3 years, ITRO has spiked, last time as high as .018, and the time before that somewhere over .03.
In each of these instances, the price had a huge run only to challenge the top of the resistance band on the weekly Ichimoku Cloud.
In this case, and for the first time in 3 years, the cloud itself is descending into the price. This is similar to a bullish wedge where you have declining highs and a solid bottom. The end result is a breakout at the apex of the triangle.
So what we are trying to answer, is this question. Is this just another rally in a long downterm, or is this, finally going to be a true breakout and RUN RUN RUN.
1. This week: ITRO breaks .0030
2. Next week: ITRO breaks .0025
3. 3rd week: ITRO breaks .00225
4. After dec/31: ITRO breaks .0020
The above are the critera's required to confirm the ultimate bulish move. The one that signals the end of the 3+ year downtrend.
As you can see there are lots of reasons to believe that ITRO will easily pass these tests. Whether it does it tomorrow, next week or next month or early Q1. Lots LOTS of upside and not much downside.
Couple this T/A with the positive news and future projections I feel very safe at these levels.
You can also see that we made a multi-month floor at .0009, and signaled major bottoming activity. This is the catch that alot of people aren't used to looking at in T/A. This is not a 'fast pattern', this is evolving over weeks and months. We are VERY close to the apex now if not already through it.
The worst case for a bullish breakout is that we decline to .0015 and then breakout over .0020 at the end of the year. This is the absolute worst case and would be more of a scary ride. As long as we stay over .0020 into Q1 2010 we are golden.
Hey Fed,
I can tell you that ITRO really looks ready to launch. There's only one more movement that needs to happen to lock-in this entire good situation we've all been waiting for.
On the positive side
1. Bouncing nicely off of RSI 50
2. Latest retrace was on light volume, (confirming retrace vs. trend)
3. MA Golden Cross
4. MACD curling up still very strong signal and significantly over the 0 line
All of these things offer that ITRO is consolidating now in the low to mid 20's before the next launch. Any entry between .0020 and .0030 is decent. The next move should take us much higher at least over .0050 and possibly higher then that.
The big question is timing, I can tell you that in actuality this could go anytime between now and end of this year. The gigantic pattern that has been forming on the weekly and multi-month charts is almost at it's culmination.
Here are some scenereo's that would continue to represent (and confirm) a massive bullish trend
1. This week: ITRO breaks .0030
2. Next week: ITRO breaks .0025
3. 3rd week: ITRO breaks .00225
4. After dec/31: ITRO breaks .0020
If any one of these scenereo's come true it will *confirm* a massive (massive) uptrend. This is why I am so happy about this chart now.. You can see that the trend line is 'coming to us' and the price is holding and gaining strength. The indicators are all strong (check out weekly MACD).
When we get this finial confirmation you will likely see a huge surge in volume.
I have 4.5 million shares and wish I could double it or at least add a million.
Fed,
I don't think you are trying to bash it; but just thinking you are frustrated and over-reacting. I don't think it was the press-release that caused the stock to goto .0021. I still beleive this is a technical pullback?
How do I know that? I thought that this would run up and down to .0020+, before it even broke in the first place. When it started hitting .0035 I thought for a second it might keep running but alas it did what the technicals already predicted that it would do.
So my point in all this is that we shoudln't be bashing the CEO in a public forum for trivial things. If you really want to do something write a letter to Whitney outlining best practices for distribution management, press release and investor relations practicies. Share your opinion in a constructive way without calling him NitWhit. You want this to run and attract new investors but you dont' think that is discouraging people who arnt' familiar?
In the end, like you said this is going to explode anyway. Too many good things on the horizion.
Fed,
Seriously? Again??
1) You talk about inspiring investors, yet you and others constantly bash Whitney. Do you think that is good for attracting new investors?
2) If you haven't noticed, there are TONS of investors on the sidelines watching and waiting on this stock. That is why at cetain key junctures we have 100 mil volume days.
3) I told you that a retrace to .0021 was likely. The stock has just trippled in price from .0009 to .0035. This is just pullback. The chart is still a strong bullish signal. A retrace to even .0015 is possible if it bounces hard off of it, but that would be 'less good'.
Hi Fed,
I don't quite understand what the MM's gain by keeping the stock down. Don't they own a bunch of shares also? Why do they always want to push it down and keep a ild on it?
I don't have my membership to stockcharts anymore; but somebody should post this:
ITRO - Weekly
PPO
RSI
Full Stochastics
MFI
w/Ickimoku overlay
What does everyone here think a healthy amount of shares is?
I currently have 4.5 million shares at around .0016. I'd like to add another million shares or so while its in the .0025 range;
What do some of the other old timers have around here? I'm guessing there are some people with alot more then I have.
I'm expecting ITRO will goto at least 2 cents soon. Not only a pop this time, the charts are saying that if ITRO stays above .002 (where it is now) into December/January this will mark the first time ITRO has truly changed trend and broken this multiyear downtrend. From there the pps should really shoot up.
Can anyone who has contact with the company find out what their plans are for the 10-K
shouldn't a golden cross move the stock up. I was expecting it would stay over .0020
Hey everyone,
I've been watching ITRO for the past couple of years. I picked some up last year around .0038 and got a bunch more at .0012.
Seems to me this should be ready to run with the trend lines converging. What does everyone think about the current chart?
It looks like its getting ready to tighten up again.
Besides the chart looking ready to go, I think this company is definitely in the right position for where our economy and world are headed.
Should be an interering year.