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Raw Fibonacci Grid. I have not cleaned it up for my visual sanity. Fibonacci lines of different color that are very close or overlapping represent what I believe to be key confluence (aka breather and/or support/resistance zones).
DrFeelGood, as you can see the 1.41 target did not come out of no where. Gray lines might be potential early targets. Who knows? Maybe it will plow through 1.41, too. Is it shown on my chart? No. That means I don't believe it is probable.
Below is another version of my interpretation of the correction pattern. Nothing has changed. Obi, hope this one clarifies.
Feel as though I'm giving away my hard work for free. But I am out to prove my voodoo is capable. I'll check back in EOD.
Goodday.
Very good post, thank you!
Agree through and through
Thank you starfire. I completely agree with you regarding the accuracy of such automated systems. Everything around a pattern must be taken into account along with volume and at least RSI. I did not come up with this, I learned it from someone who's expertise I trust. I have not blindly followed her work either. Constance Brown of Aerodynamic Investments, author of multiple books, and who also happens to be a CMT (Certified Market Technician, and has written questions for the CMT exam), completely detests the use of automated programs for detecting Elliot Wave patterns. I have worked to understand this material enough so that I can teach what I know. That's the only way I can gauge where my weakness is.
I admit there are still gaps in my knowledge - and I try to point that out as much as possible. I make no claims of superior skill, but I will not hold back what I feel is right just because of my age or time in the field. I would welcome someone new to post their thoughtful analysis no matter how ugly it looked if they seemed sincere, and most importantly were receptive to critcism. If I felt the chart was incorrect, I would plainly and simply point out why, where and how it's incorrect and be done with it. No matter how pretty or ugly the chart, there would be a well reasoned contrary opinion that points out an error or something the newbie missed. Case closed.
Does this sound like the mentality of someone using "voodoo" techniques? Sigh.
I make no assumptions about your knowledge of EWP. I never claimed to be an expert. In fact if anything is clear in my posts, it's a sense of humility and respect towards everyone, even in the face of insults. I hold no secrets, and even disclose I am a beginner. Everything about me checks out. Look at my post history, look at my blog, ask me whatever you want, listen to my words and you will find they are honest and receptive.
And DrFeelGood, I have posted a Fibonacci chart on this very forum not once, but twice, because no one seemed to comment about it except one person who thanked me via PM. I believe he found it useful. If you look carefully at my chart. All price projections are based on Fibonacci ratios, including the short pauses I have drawn in the C wave. Just as importantly, the path I utilized to select Fib prices are based on Elliot Wave patterns. In other words, once I believed wave C was going to form, I utilized Fib levels already determined previously to determine a target I wish to be prepared for, just in case. If you're referring to the last impulse wave I drew, you're correct, I did not apply Fibonacci ratios there. The only reason that is the case is because we are focusing on the correction pattern here, that should be obvious.
What more can I offer?
All I ask of anyone is to simply debunk my chart. If you claim to know Elliot Wave, you will be able to do so with ease if you disagree with my interpretation. I have always welcomed disagreement from the moment I posted that chart. My intentions are not bad, and I would hope by now that much is evident. Your posts keep avoiding the most falsifiable aspect of my chart. For those who don't know what falsifiable means, it is simply that once you prove just that ONE thing wrong with the chart (in this case my wave labeling), the entire chart can go out the window. I welcome that. Someone please show me how it's incorrect. How are people this afraid of one chart.
I will re-iterate: zigzag pattern, A and B wave complete, C wave remaining. Could potentially be a running correction and not run as far down as indicated as stated for at least the 3rd time, but this is more rare and thus not shown. I said before and I will say it again I post the most probable thing the chart is telling me.
I'm sorry I thought I explained myself quite well. Especially in my reply to Obi. Please tell me again where I failed to provide a reasonable explanation. I don't care what Elliot Wave expert you are speaking on behalf of. I can speak on behalf of someone who would be in agreement with mine, and if you like I can provide a name. But these people are not here reviewing my post to check to see if it indeed is at odds.
I don't understand how you can determine an expert is at odds with my interpretation if you are not the expert yourself.
Obi,
I believe you are viewing this a bit backwards - and I applaud you for your effort. I was there as well.
I'll label the last impulse wave up for you with numbers shortly. But to address your question, remember those numbers are referring to the first move WITHIN the correction pattern. Move A. Here is the important bit - only a zigzag correction pattern has a 5 wave move down for move A. Because this is a correction pattern, this move A counts as an IMPULSE wave downward (because it is a 5 wave move), but it is important to realize this is part of a correction, and the end of the 5 wave move marks the end of Wave A of the correction.
If the time horizon is reduced, perhaps to say 20 minutes, or 1 hour, I felt the waves are defined well enough to consider them waves. I will check again just to make sure since I may have become lost in the details over these days, but I am fairly certain I checked and re-checked at least 10 times.
Haha, love your post. Thank you :)
Thank you Gratefullife, I appreciate your comment. Your post helped me realize something I was not taking into account. I will certainly keep that in mind and post accordingly. It seems almost like common sense, but I was only aware of what is at stake for me, and though it is large for me, I'm sure it is very small compared to others who likely have much more to lose.
Your post also makes me feel better for posting that chart because I believe it should open people's eyes for the possibility of what may come. I'll be glad if it doesn't go that way, because I know people will panic sell when they shouldn't. I'll also be glad for the sake of my account if it does go that way because I will be putting damn near everything in near the lows I have marked for C, and there will be some beautiful moves to be made.
I have a sneaky suspicion the next impulse wave will be an extended fifth that nearly mimics the range of the first two moves up combined. That is just speculation. We may also find ourselves in an extended correction pattern, but under no reasonable circumstance do I see going back towards C after this pattern completes. I actually didn't want to believe this early on. I admit I even looked for all other alternatives because I did not want to accept this one. It seemed too much. Then I remembered what I have at stake and the rules I wrote for myself.
Good luck to all.
Oh and one more thing, I'm not sure what the rules are for this but the following made sense to me.
As you said the 3rd wave cannot be the shortest. At first, even if you don't know internal structures of wave patterns, what I label the 3rd wave seems shorter than the rest.
However, remember the gap is not being taken into account in the candle that we see. If I take the gap into account the 3rd wave is indeed at least not the shortest wave.
Indeed these are the basic rules, but this knowledge alone, as I believe you also stated, cannot allow for successful EWP trading.
However, let me explain my chart on the basis of these rules. First off, as you stated, correctionary patterns are more complex and difficult to gauge - which is why - TheDane - I use words like probable often. I trade on probable patterns.
One important rule about EWP is that it is fractal by nature. What I mean by that is when you zoom in, similar patterns emerge. In other words, each impulse wave is itself made up of 5 waves.
Notice I say each impulse wave. Impulse waves are waves number 1, 3, and 5. Waves 2 and 4 are correction waves. Completed correction patterns are always 3 waves - A, B, and C.
Hypothetical scenario for a recap: We see 3 waves that have formed, the first wave is a strong move up, the 2nd a correction of that strong move up, and the 3rd is a very strong move up again after that correction. Imagine we are currently in this 3rd wave.
Now, if I were looking at this chart, because I know each impulse wave is made up of 5 waves, if I narrow the time horizon of my candles and zoom in to the move we saw as Wave 1, I will see 5 waves in it. First wave is a strong move up, second is a correction, 3rd is a move up, 4th a correction, 5th a move up.
After the 5th wave of the first wave completes, we then begin the correction phase we were seeing earlier.
I hope that illustrates the fractal property of waves.
Having said that, if you look at my chart, you will see numbers 1-5. In EWP, if you look up a correctionary zig-zag pattern, you will find that if the first wave of a correction is made up of 5 waves, it MUST form a correctionary zigzag. No other correction pattern does this.
Now, the conundrum I was facing early on was the first swing down after the price high did not actually produce a five wave pattern downward. It was really close though. Early on I figured this is not a zigzag as the first down move was not clearly five waves.
As we progressed and the gap down occurred etc etc, I re-assessed the correction and realized that entire leg down is the 5 wave move that on its own creates the first of 3 waves in a correction. That is what the A is there for.
That was the most complicated part of my chart, and that should give a logical outline for why I came to the conclusions I did. Remember to look up a zigzag correctionary pattern so you can see how the C wave tends to be long.
As I mentioned in the first post, the C wave may be cut short if this turns out to be a "running correction" but even if it's cut short it will still fall, in my subjective interpretation, further than the current price.
Thank you! Finally a post I feel happy replying to :)
The thing that attracted me to the Elliot Wave Principle (EWP) is that it essentially describes patterns of human behavior. Even more than that, as a whole, it often even points to large moves that, once occur, are attributed solely to news even while an EWP expert saw a move coming.
Call this mystic, or what have you, but it is not. I won't bring in topics of time symmetry and theoretical physics, but suffice it to say there are things that are experimentally proven with quantum mechanics that indicate future events affect the past. I do not believe that's what is going on here, but it is an example that expands the concept of weird so that the first paragraph hardly sounds wacky at all.
It is my belief, not proven by any means, that human behavior collectively works in predictable ways. We are not aware of what collective human behavior is. We don't know that our behavior is going to cause a stock market crash or CTIX to crash below a level we are not expecting. We don't know this, but the chart does. If we are to tap into even a small portion of understanding these patterns, I believe they can be harnessed with great probability.
Having said this, I believe EWP allows one to not give much thought to manipulation of any kind. That is not saying there is no manipulation going on. It is just saying EWP does not discriminate between normal and non-normal trading.
I've worked hard. I may be 25, but that doesn't mean I have not lived a long life. Trading is one of my only hopes at this point to make a life for myself. After failing out of school multiple times(I still somehow made it my senior of college with a biochemistry and psychology major) for issues that will not be discussed, and then being laid off from work about a year ago with nothing in site and a head so foggy and worn out, few would understand, I thought it was a good idea to look into the economy a little since I knew nothing of business, finance or economic matters. Long story short, and after much help, here I am.
Believe what you want. However to say I am naturally gifted and only in my 20's and then, perhaps even jokingly, go on to say that sounds "quazy" is disrespectful from my perspective, but I will not hold that against you. Nothing comes for free. To assume because I'm young the only rational explanation is I must be gifted or something like that is rude and, yes, naive. Mods, I hope this is not seen as an insult - I mean these words as they are meant and they are the most decent words I can think of to get my point across.
I really don't intend to call you out - this post is not just directed towards you, because I can feel you're not alone in your thoughts here. If I wanted I could have lied about my age and current status and none of you would have ever expected otherwise. I could have been arrogant and mean, but I have not, nor do I plan to.
This is just Elliot Wave theory. Go pick up a book and read, and when you don't understand the material, come back to it and read it again, and when it happens again, do it twice more. I did this only because my instinct, which I happen to trust a great deal, had me convinced I am going to learn this because it will help me. I am no where close to being done learning Elliot Wave or technical analysis. This is one of the reasons I'd like to hear questions or productive comments so I can help others and hear other perspectives.
Again, this isn't just towards you. Takecare
TheDane,
I had your post in mind and was planning on responding to it next. I'm not too good at using fewer words to say the same thing. And, I think the two words you used to sum my post are inadequate (they probably describe half my post though haha).
First of all, I never thought the chart was crazy - sorry if I said something of the like. I thought I said people would think I'm crazy. Of course I didn't mean everyone, as there are some who are willing enough to realize crazy chart is not equal to crazy person.
I've only posted two charts before, a fibonacci chart and the moving averages chart. I believe you're talking about the moving average chart - and I liked it too, and in fact, it paid off as well. But I hadn't said anything about how I expected it to unfold. Even on my blog it is one of the shortest posts I have.
I've never traded based on moving averages, but I was looking at them and noticed that interesting pattern. It was enough to make me load up even more Friday. Friday I was still very uncertain about what this whole correctionary formation was. The moving averages, and looking at the past, told me maybe it's possible we're about to run up. It was worth the risk.
The chart I posted today was after a lot of debating over many days. There is, literally, about a 5 cent range, which convinced me a drop is a drop will form. The bottom of the very first price swing after hitting $2.47 did not go far down enough. If the last bar of that swing went down to around $2.10 I would not have made this call. In the wave principle, when the first wave of a correctionary wave is made up of 5 waves, a zigzag pattern is forming. I did not believe the first wave was made up of 5 waves because it fell short, just barely, of that requirement. I won't say much more than that about Elliot Wave regarding this chart.
The only defense I need to put worth of Elliot Wave are the images and their captions put here. And the chart I posted today. Even if the range is completely wrong, the fact that a drop was anticipated with such confidence that I did not want to risk holding shares yesterday even while the price went up 10 cents after I sold is saying something. I could just be lucky. I don't feel as though I have enough experience.
This morning I felt quite sure of the drop, but was ready for anything (except the price opening at $73 and me having only a small amount of shares cause I sold thinking it was going to drop... this was an actual dream last night LOL).
Back to the chart I posted on Friday... I rarely expect to post on moving averages, I don't know much anything about them yet. I'm good at finding patterns though. And I trust my gut. And I adapt completely fluidly, even it means ditching what I once believed to be true to the core.
I have been holding this stock. Slowly accumulating. My account is small compared to most of you here. I do not even have a daytrade account yet. Hope that says enough.
Thank you Karen for your reply to this message. I totally forgot about the content of that message, and indeed, it shows I've been watching this carefully.
Gratefullife,
I'm sorry you felt I was being pretentious. I did not claim the stock was going to collapse. There is a clear line representing an impulse wave I drew with a nice little comment and a smiley face that many don't seem to want to pay attention to. Contrary to what you said, I announced how incredibly bullish CTIX is. There really is no debating that statement, it is very clear if you look at the chart I posted for what it is, you will see I am fervishly bullish.
Who on earth would expect a take off like that from that sort of low? Give it some thought... immerse yourself in that situation. Now imagine a post with a vertical trendline like the one I drew. People would think I am just as crazy as they think I am now. The only difference is, I would be lovable to some, ignored by most, and a threat to none. All because the pattern leading up to the rally would be drawn the opposite way.
I also never stated no one will understand my technical analysis. I write what I say fairly carefully, and I hope readers return the same favor. I don't believe I've ever said anything like what you quoted me to say, to anyone... anywhere, about any topic. I'd like to be a professor someday as I love to teach. I would hope my post on psoriasis shows how much I enjoy sharing knowledge. Let me rephrase what I intended to say. Rephrase: If you aren't well versed or experienced with identifying Elliot Wave patterns, please don't question my analysis as you would not have the proper tools right now to understand it.
Also, notice how even in the face of some of the posts I was getting, I was and still am offering to answer any particular questions non-Elliot Wave (or about EWP too) people may have... such as about oscillators (RSI/stochastics/whatever), volume or other forms of TA. I am not familiar with everything, in fact I am fairly new (less than 6 months) to trading, but I'm still willing to hear anyone out and see if I can answer the mechanics of why I made the projections I did.
When people question my analysis and say something like, "That's ridiculous! Where on earth did you come up with something like that?" or, even if people ask nicely, "that's a pretty extreme chart, how did you come up with that?" all I can say is it was based on correctionary patterns in Elliot Wave as I stated in the original post. If you have a question I can get a handle on, ask.
I do not believe my chart had anything at all to do with the price action today. ALL of the facts state otherwise, yet some want to hang on to that belief. Not only did I post the chart before or perhaps a few seconds after a 5% drop (I honestly had not seen it, my posted chart even shows $2.15), but I also asked one of the board members a question about this very pattern that was forming last week sometime. If that's not enough, go look at my blog and see how well I timed and called two of the previous impulse waves. Those posts took a lot of time to make, and I tried to be good about teaching along. If you read through the posts you will also find how I continously adapted my thinking. Chart projections shown on January 2nd look similar but not exactly like the one I posted today. Each subsequent post is refined as 1) price action changes 2) I learn something new (mostly this one).
Sorry for the long winded post. People need to chill though. You guys have zero evidence that my chart will even cause a blip on the charts. I'm new here, I don't even have that many posts, there's no reason for anyone to trust me with their money. I know there is such a thing as bashers and pumpers, and they deserve some hell from balanced members, but I am neither. Want proof? Look at my chart! I'd have to be one freaky pumper basher combo to post something like that, lol. Not even a solid hedge fund could control the price movement in a manner that reflects what I've shown - much less me. Only emotion can. I haven't ever even shorted a stock in my life.
I will continue posting charts that reflect probable truths. Probably not in the future with other stocks, but for CTIX I will continue to do so.
Good luck to everyone.
Haha, your post actually makes me feel better. I guess I could see this as entertaining. It was a damn good call, and if people are scared by one man's chart they should have better things to do than invest in the market.
I do believe this is CTIX's last test. It will go down far enough to make the most firm believers non believers. And then those who had no beliefs but simply saw what was will see their accounts grow larger.
No worries! I suppose my post still has some use though (not as a reply to you though), because I do mean what I said towards the end.
Sigh, well, I can tell you for a fact all I had left today was 1,000 shares, and I sold 500 at at 2.05 and had a stop loss at 1.98.
Obviously isn't me banking me from this or causing this to move down.
May I ask what your response means? The point is no one I have seen post recently has even expected a 5% drop WITH a reasonable explanation. I pay no attention to bashers.
I have nothing to gain from this. In fact I've already lost because everyone needs a scapegoat, and I am certain some have already made me one.
EasyRider, this is exactly why I posted what I did. Thank you for your post. I don't want people to be biting their nails when it goes down. For some reason all everyone is looking at the low bars. Do you people not see that the real outcome of my projection is actually higher than the all time high?
This was not a doomsday chart simply because of that last line. This chart should not scare anyone into selling, especially if the outcome is positive. Why on earth would I draw that last line?
Had I not been true to myself, and had I not followed the quote that is in my signature, I would have been biting my nails this very moment.
Well, I was not expecting a callous response to my post but indeed I received one and already have people suspicious of my intentions.
The image shows letters and numbers. They are not there for fun. IF you do not know Elliot Wave, do not question my analysis. The reason I say do not question it is because I CANNOT GIVE YOU AN ANSWER YOU WILL UNDERSTAND. I'm not yelling, just emphasizing so I don't have to say this many times.
I was suspicious of the chart since NEW YEARS as is evident on my blog. You can look at my profile and see my favorite link if you want to check. I'm not advertising, nor do I make anything off that blog. This is the first time mentioning it publicly anywhere, and it's only because I do not want to repeat things I've already talked about.
There are a few here who value my opinion and took it as mature adults. I thank you. It is for people like you who I posted my perspective for. I don't want people to be surprised. To those of you with ill intentions - you are not my concern, nor are your words of any consequence to me.
If you have a particular question, please feel free to ask. Maybe a particular question about moving averages, volume, or oscillators. I can try to answer those.
TOB's analysis have always been fantastic and I have even complimented him in the past and asked his opinion as well. This time I disagree because I do not see the movement recently as indicative of a coil. I was, however, in agreement with TOB in his past analysis.
Why do I not think there's a coil? The price action is too broad and chaotic. Coils to me should be akin to squeezing a spring together... compressing and locking pressure in. The candles for what TOB labeled a coil do not look that way TO ME. Those candles seem as though they are releasing energy as well as storing it. Like a slinky that is slowly being put to rest. That is my opinion only.
If you don't like it, don't reply with negativity. To those who are seeking to learn from another and hear different perspectives, I hope my post is of interest to you and I would love to hear your thoughts, publicly or through PM.
Everyone here should know I'm no basher. But this is what I'm seeing on the chart. Obviously I'm long and extremely bullish CTIX, but this is a near term projection based solely on technicals. It is my belief that the chart has all of the information on it barring black swans, but even that is debatable. I welcome disagreement or differing opinions - but please make them worthwhile. I'm not looking to prove anyone anything, so criticism is always appreciated as long as it's relevant and productive.
The image below shows what I believe could very well happen and we should not find ourselves surprised like we did before. Perhaps I am only partially wrong as wave C can possibly fall above the target shown and an abrupt move upwards can commence thereafter. Regardless we will see an abrupt move upwards as I see it, I'm just not too sure it's going to be now.
If my projection turns out accurate, I hope people don't toss their hands up and call me part of a bear raid haha. Takecare and good luck to all. I'm aboard the CTIX train, are you?
Thank you for your post, I'm glad the post helped you feel that way... definitely makes the effort worthwhile.
You're very welcome Karin. I'm glad it was a useful write up. I completely agree with you. And thanks for the mark :)
Thank you BooDog! Glad you found it helpful. My brain definitely is not all too mechanical so I just might take you on your offer sometime :)
Hello Karin,
I have found a wealth of information to share.
Psoriasis is a chronic inflammatory condition. It can get pretty bad - that much we all know, but what is the impact of this?
First of all, let me state, even though I am not a physician I am fairly well versed in biochemistry. To my understanding chronic inflammation, in general, is always going to have systemic effects. This is by virtue of the fact blood is the manner in which inflammatory byproducts are disposed. Blood is constantly circulating and therefore, with chronic inflammation, inflammatory molecules will also circulate.
Although I have not yet found articles of interest on other medical problems psoriasis may lead to, it is not a stretch to make the association that severe, chronic, wide-spread inflammation will stress the body in ways that lead to further ailments.
Okay, well, I decided to research a bit more and I have found many points of vital importance. Let us begin with quality of life and work productivity impairment in those afflicted with this disease.
(click to view): Quality of Life and Work Productivity Impairment among Psoriasis Patients: Findings from the National Psoriasis Foundation Survey Data 2003–2011. Published online 2012 December 28.
This article’s first line says much. “Psoriasis is a chronic inflammatory disease that affects the skin, nails, and the joints. In addition to the physical impact, psoriasis can have a profound impact on patients’ psychosocial wellbeing.”
The article goes on to state patient’s suffer from a variety of issues including social isolation, stigmatization, and depression. In addition, as if that wasn’t bad enough, “patients with severe psoriasis were found to have significant impairment of work productivity.”
To keep this a bit short, see following images (all images are from the above mentioned source).
Note: The following chart is from the proportion of people not working from the above chart.
From the conclusion:
“This study reveals that psoriasis and psoriatic arthritis have considerable and deleterious economic consequences on patients. In this study, among patients who were unemployed at the time of the survey, 92% were not working due solely to psoriasis or psoriatic arthritis. Among working psoriasis patients, nearly half of them regularly missed work due either to their psoriasis or treatments related to psoriasis. These data regarding work status impairment provide further impetus for designing treatments and regimens that are flexible and patient-centered such that patients can remain productive in the workforce.”
According to psoriasis.org, upwards to 7.5 million people in America alone have psoriasis. The images above show 92% of the 12% that is not working is not working solely due to psoriasis.
12% of 7.5 million is 900,000 people
92% of 900,000 is 828,000 people NOT in the workforce SOLELY due to psoriasis.
That means of the 12.2 million unemployed Americans (using bureau of labor statistics) 6.787% of those people are not working due to psoriasis.
That seems pretty important economically speaking. I'm not a finance/economics guy, feel free to the point out if I did some obtuse number crunching.
(click to view): Prognosis after percutaneous coronary intervention in patients with psoriasis: a cohort study using Danish nationwide registries. Published online 2012 September 24. - note this study was based upon 36,989 men and 14,763 women from the Danish nationwide registry.
The background portion of the article states psoriasis has a similar inflammatory mechanism of action to atherosclerosis (hardening of the arteries). Furthermore the article states psoriasis is associated with other cardiovascular risk factors. Note there is not a correlation being made here of psoriasis and cardiovascular risk factors, more so that psoriasis is associated with other problems that are known to lead to cardiovascular risk. (Calling that a correlation is a bit hazardous in my opinion. DrFeelGood please let me know if you feel otherwise, you must be quite an expert at this, so I leave that up to you. Doubt it matters much to shareholders, but I err on the side of caution so as not to make misleading statements or "pump" at the expense of other's suffering.)
Which cardiovascular risk factors are associated with psoriasis? Diabetes mellitus, hypertension, and dyslipidemia.
"Recent results have indicated that patients with psoriasis face a poorer prognosis following myocardial infarction compared to patients without psoriasis."
Conclusion
“This first study of the post-PCI prognosis in patients with psoriasis demonstrated an increased risk of mortality and adverse cardiovascular events in patients with severe psoriasis compared to patients without psoriasis. These findings emphasize the increased burden of cardiovascular disease in patients with psoriasis and they call for further studies in this area of research.”
Important funding statement: AWA has received research grants and/or consultant honoraria from Abbott, Amgen, and Janssen. The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.
(click to view): Anti-tumor necrosis factor (TNF) drugs for the treatment of psoriatic arthritis: an indirect comparison meta-analysis 2012 December 3.
As psoriasis can lead to psoriatic arthritis in up to 30% of psoriasis sufferers, this is an important condition that is secondary to psoriasis. This article was quite hefty to go through. It is intense, but incredibly thorough. I will post a couple images here too. This article compared newer drugs for efficacy based on multiple studies using pretty strict selection criteria for studies - you can find this information in the article. I did not read through this article fully - I don't have the time for that - however, based on my perceptions this is a very thorough analysis.
"Psoriatic arthritis (PsA) is an inflammatory disease affecting joints and connective tissues. PsA affects up to 30% of individuals with psoriasis, a chronic skin condition affecting 1%–2% of the general population. It can be a destructive disabling joint disease, with the severity increasing over time. There are no cures for PsA and so the focus of treatment has been on controlling symptoms and preventing damage to joints."
I will post a table of expected results shortly, but first see this table which describes how outcome is measured. This is quite important, and will make the outcomes table not look so foreign and intimidating. Remember this is for psoriatic arthritis which occurs in 30% of people with psoriasis. I do not believe Prurisol helps this condition, but please correct me if I'm wrong. I am only assuming. I figured these results are still indicative of the sort of suffering people have to go through due to a condition that directly stems for psoriasis.
Description of how outcomes are measured.
Expected Outcomes
-The bold abbreviations refer to the drugs, see article for drug names.
-Read decimal points as percentages
Acknowledgements: This study was sponsored by Merck, Sharp, & Dohme, UK.
(click to view): Increased Risk of Diabetes Mellitus and Likelihood of Receiving Diabetes Mellitus Treatment in Patients With Psoriasis. 2012 Sep 1
I won't break this article down as the title speaks for itself.
_________________________
I hope this information helps all of us here. I had to keep reminding myself I'm writing for readers who are likely not experienced reading this sort of thing so I did try to make it user friendly but I expect I made some slips. I did not take the time to post it so others don't understand portions of it - so if you feel as though you don't understand something do ask!
If you all find this useful for Prurisol, please keep bumping it as I would like others to have this information too. I realize this is not directly about Prurisol, but it does certainly indicate the necessity of this drug and why it, in addition to Kevetrin, is also a prized possession in its own right. The C word has a large psychological impact which may dwarf the disease Psoriasis. It is very distasteful thinking to begin thinking about which disease is the bigger one. In fact that is futile and illusory as both can and do bring significant suffering to those afflicted.
The market should, and eventually will, price in the valuation of Prurisol. Currently it is standing off to the side. I would go so far as to say Prurisol is to CTIX as CTIX is to mainstream investors. We shouldn't lose sight of what we have going here because of the dramaticism that surrounds the word cancer. It's a cold and cruel disease. Let us hope Kevetrin battles it better than the current options. Psoriasis is a cold and cruel disease as well. Let us hope Prurisol cures it.
May CTIX take the medical treatment of these two diseases to the next level.
May I bump my previous post for funzies? Do note this not even a refined version that I will try to post later tonight :)
My girlfriend is a nurse and she told me she was quite surprised to see how often people come to the hospital with psoriasis. She told me she never thought it was such a wide spread issue. If you want a medical description indeed I can look into that for you and clarify medical jargon. The least I can do for the help you've provided the CTIX community with.
Theories on shenanigans be damned. Those who claim charts don't matter in low float micro cap stocks, I'd like you to bookmark this chart to look back at as the price begins to climb next week. And if it begins to decline, there's a plan for that too, but as we all know, especially those who know a thing or two about the scientific and clinical aspect of this company, the downside is improbable.
Just to clarify, major Fibonacci zones were not determined by seeing whether or not the lines fit. Ranges based on price action were selected first, and I knew this was the grid the chart was working off of when the selected ranges fell on target.
There is more proof (proof to me of course) that is beyond coincidental that further affirms I will trade off this map. I have not shown those details on the chart but suffice it to say, the distance between two confluence zones exactly equals the size of the gap along with the 50% fib line landing smack in the middle of the gap. Gotta love how nature always gives you a way to neutralize the bs that is spewed about the market ;)
Agree. Plan to be locked and loaded by EOD.
Not to mention why would aspire sign for 10 million if it was going "deep into Menons pockets"? Do you happen to believe they are simply that foolish?
Why not mention former researcher under a Nobel laureate at Harvard and pioneer of two blockbuster meds?
It's pretty clear if you look back to about a month ago and read the postings that the recent increases in volume has attracted a crowd of diverse intentions like a bright light brings all sorts of insects. Some of them might do some good, most are a pestilence.
All in all, people who have invested sizable amounts will not be affected by unfounded ramblings (eddie... it's tough giving you benefit of the doubt when you make posts about dilution that Dr.Feelgood aptly replied to). Those of you who are so easily swayed by non-sense likely don't have much $ left to invest and so I doubt your positions will affect much anything. Unfortunately, just as one insect is a minor annoyance, a thousand are a burden. Thus far I believe the investors in CTIX will not be easily shaken.
The current drop in share price, imo, is not due to an attack. Indeed there was very fishy activity that requires looking into (I agree with the CEO's course of action regarding the e-mail). But fishy activity can just as well be somewhat coincidental or in preparation for the inevitable correction that was due.
I was previously wrong in my post wherein I stated a hard correction is not going to happen soon. I was under the spell of my first time riding a wave like this one. In hindsight, none of the correction levels I am currently seeing are out of place.
The nature of the market is unpredictable, the best we can do is survive the unexpected. I see a lot of talk about all sorts of potential excuses for the price drop... from market maker shenanigans to short attacks to unauthorized transactions to the company being bogus to the CEO being behind the price drop. Each of these is as ridiculous as the one before it. Not because they can't be true, but because we can never know the extent to what any activity by anyone has affected the share price.
Every unsubstantiated truth (all of the above mentioned) is simply an excuse to safely (aka dangerously) latch on to something for comfort. Be better than lying to yourself for comfort. The only truth we have is the chart, clinical trials, and someone's family or friend suffering from cancer. The rest is irrelevant details.
Talk all you guys want, I am not arguing against that. But just know when you're reading words that are stuffing to fill the void of silence. An insurmountable confidence often lies in silence... perhaps it's alright if we don't fill it with raucous noise.
As always, your perspective is much appreciated. I may post up a chart I've been marking up tonight if I happen to come up with conclusions I believe are probable.
TOB,
Are you familiar with Elliot wave correctionary patterns? If so, do you think the first leg down (to include initial decline and the decline including the gap down) is representative of the first leg down of a correctionary zigzag?
I too was thinking the past few days are forming an ascending triangle but I can't clearly tell if it's ascending or a contracting triangle.
At this point I believe a fast break either up or down is probable. I doubt an upward move will be sustainable as that would not satisfy any correctionary formation.
If it breaks upward I expect to hit $2.00 and then break downwards to $1.7-$1.8 and then we'll be off for newer highs.
Any thoughts?
I already sleep well at night relying on the science and clinicals, but what makes me hop right outta bed are the fierce technicals :)
So, to those who are expecting a retrace, care to elaborate on your price targets and how you achieved your numbers? Its too easy in the market to put money where your mouth is, it's more of a challenge to figure out why your mouth is saying what it's saying :)
I'll elaborate on my short-term price targets later today if I get the chance.
LoL I burst out laughing at the post that said TAKE PROFITS!!! We've already covered half the volume of the ENTIRE last week today. Happy holidays all :)
Thank you Pepsiman, very much appreciate the kind welcome and comment.
Great post KMBJN.
While I can't address your questions regarding the specific mechanisms of actions of Kevetrin (I will look into this, however), I did want to say a couple important points.
There is NO drug out there to which we know full mechanisms of actions. Not even close. That includes Aspirin. Indeed we know the mechanisms by which it is beneficial, but that does not mean we know all of its mechanisms. Anti-depressants were discovered by complete accident - in fact the first drug was not even intended for psychiatric disorders... it was only after patients showed mood improvement did we find out the first begin to look into why this compound was causing mood improvement. There are tons more examples - a modern one being Memantine, an anti-alzheimer's drug that is actually showing promise for other cognitive issues, particularly OCD. Plenty more mechanisms are being discovered other than it being an NMDA receptor antagonist.
If Kevetrin was initially thought to work in one way, and found to work in another... that is no reason to be weary of the compound. Believe me when I say some of the most important discoveries in the history of science have been made by sheer accident. Sooner or later, scientists will develop profound humility for the complexity that we are. That does not mean they give in, it simply means when something is revealed accidently, it will often be similar to receiving a great gift of potential insight.
I need to re-visit my molecular bio book and look at some of these pathways that are cloudy to me atm. I do recall ubiquitin is involved in key pathways that allow the cell to know whether a protein needs to be tossed in the trash because it's not folding as it should. Alterations in the ubiquitin could be the means by which mutant p53 takes over since it cannot be tagged as a mutant. This is purely hypothesis - it's been years, and as I said I have not looked into the mechanisms regarding Kevetrin in great detail.