I can lead a horse to water, but I can't make him drink !
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stevesc, I looked at the site.
My spyware warned me, as I was reading, about it being a site that could cause me some compueter problems, so I got out of it.
I read enough of it though that I could see that we need to be careful about the choices we make, based on what is being said by some.
We definitely need to do our own DD, and base our BUY/SELL decisions on our own views, and not so much on others info.
I try and follow this way of thinking, however, I must admit that I've not looked into every detail about CCTC.
I prefer, as you know, to make my decisions based on technical views, not so much on the fundementals, etc.
Thanks for the info.
sjames41, I went back to my earlier posts and found what I had written on April 14th, after the stock had peaked at 0.185c on April 12th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p15217886805
Things didn't look right to me.
There was an extreme amount of optimism. The opinion view was very BULLISH at 100% BUY.
The stock had staged 3 waves over the prior 2-1/2 weeks, meaning it was topping.
Also, the Money Flow Index had crossed above the 80 line.
The following, was the post I had made:
Posted by: edurk Date: Wednesday, April 14, 2010 9:23:03 AM
In reply to: daytrader2004 who wrote msg# 11640 Post # of 21730
Of concern right now, is the fact that the stock can't stage a sustainable rally on positive news.
That being said though, all it would take is the release of the news of revenues to change things dramatically for the better.
For now, the stock is locked in a wide trading range, between .10c and .185c, and needs a catalyst to breakout above .185c
BTW, every week and every day changes the short-term outlook, so what I see one day, can change the next day. For myself, I'm not interested in trading CCTC on a short-term basis for a meager $1,000 profit. I am in CCTC to trade off of a move of much higher amounts. I'm interested in selling my shares on a move where the stock makes a 10-fold move.
stevesc, which post are you refering to?
I've seen all the ones you have sent.
stevesc, thanks for the PM !
hey, btw, did you make any money on the other stock?
I hope you did !!
Let's make a killing in CCTC next week !!!
You're right stevesc,
Up, Up, and Away !!!!!!!
"Buy on the Dips".
"Buy under support, Sell above Resistance".
"Buy when blood is running in the Street".
"Buy what nobody wants".
"Never Sell a dull market".
"Buy on low volume, Sell on high volume".
"Sell when the stock is going up,up,up".
Bashing can be very useful information to an investor.
Currently at 88% SELL.
If the general opinion is negative, the chances are better that the stock will go up verses down.
Extreme bullishness, on the other hand, is bad for a stock.
http://barchart.com/snapopinion/stocks/CCTC
When CCTC was selling at 0.185c, the opinion on the stock was very bullish, with a 100% BUY rating. That was, as it turns out , the exact time to have gotten out.
Now that the opinion is the reverse, and the rating on the stock is at 85% SELL, it is the time to be BUYING.
This is a general view, and does not pinpoint the exact time to BUY or SELL. It is only one of several indicators one should look at and consider in making their decision.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p56297851617
Yes. I do.
The CEO said to expect approval by mid-month.
The fact that mid-month is the 15th, and that date has past, indicates to me that next week improves the chances for some kind of communication on the subject of an approval, or in the very least, some kind of response, even if it would be that there will be a delay.
We could be entering Wave(3) now !!!
(1)5 = 0.42c, A = 0.10c B = 0.185c C(2) = 0.062c
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=2&mn=0&dy=0&id=p65069317831
The following explains what happens to form each Wave:
Wave(1) = 0.42c (Impulse Move)
The stock makes its initial move upwards. This is usually caused by a relatively small number of people that all of the sudden (for a variety of reasons real or imagined) feel that the price of the stock is cheap so it’s a perfect time to buy. This causes the price to rise.
Wave(2) A = 0.10c B = 0.185c C = 0.062c (Corrective Wave)
At this point enough people who were in the original wave consider the stock overvalued and take profits. This causes the stock to go down. However, "the stock WILL NOT make it to its previous lows before the stock is considered a bargain again."
Wave(3)
This is usually the longest and strongest wave. The stock has caught the attention of the mass public. More people find out about the stock and want to buy it. This causes the stock’s price to go higher and higher. This wave usually exceeds the high created at the end of Wave(1).
Technical Weekly Chart, for Monday, June 21st
The following Weekly Chart, and Reference Guide, may be showing that Wave(2) has ended, and CCTC is ready to move-up BIG to
Wave(3).
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=2&mn=0&dy=0&id=p42348174389
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
(1)5 = 0.42c, A = 0.10c B = 0.185c C(2) = 0.062c
Since the later part of May, the price has been in a down trend, however, the Money Flow during that time has been in an up trend.
This "divergence", indicates a possible BIG move up in the price is likely about to unfold. Divergences often time indicate reversals in trends.
The Money Flow Index, for Monday, June 21st
and what it is telling us about what to expect this week!
Note: March 22nd and April 31st.
The Index dropped to under 20 on March 22nd, and at 20 on April 31st.
You can see what happened to the stock after the Index dipped to those levels unader 20 and at 20.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646
Technical Targets, for Monday, June 21st.
(Adjusted daily to reflect the changes in the pps)
**Note: New Low made at 0.062c June 11th
My "Targets" are:
1st Swing Target = 0.308c
(0.185c - 0.062c) = 0.123c, (0.123c + 0.185c) = 0.308c
2nd Swing Target = 0.778c
(0.42c - 0.062c) = 0.358c, (0.358c + 0.42c) = 0.778c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=2&cobrand=&mode=stock
Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
Technical Update, for Monday, June 21st.
CCTC is well positioned for a strong rally, this week. 0.062c is our support. The stock may have ended the corrective phase on Friday when it made a low of my anticipated 0.065c level, in the a,b,c, manner. As long as 0.062c holds, CCTC looks good to hold here. The "Money Flow Index has broken below the 20 level, a sign of being oversold, and positions the stock for a move up this week. The move up may be a move of 0.04c or more. First resistance is 0.08c.http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646
The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
CCTC may have reached bottom Friday June 11th, at 0.062c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave 3(red) may be beginning,
CCTC is now positioned for a strong "Impulse" move-up. A NEW, "lower low", is now in place at 0.062c, from the high of 0.42c, that was set on February 18th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Wave 3(red) June 11th ( Possible Impulse Wave ???)
1= 0.08c 2=0.065c 3=?
Wave 2(red) February 18th - June 10th Corrective Wave
A=.10c B=.185c C=.062c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT:
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Intermediate Downward Sloping Trading Channel
Short-Term Downward Sloping Trading Channel
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c
0.14c to 0.16c next week !!!
Have a great weekend all !!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p79872414725
Here's a better view of the Money Flow Index and what it is telling us about what to expect next week!
Note again, March 22nd and April 31st.
The Index dropped to under 20 on March 22nd, and at 20 on April 31st.
You can see what happened to the stock after the Index dipped to those levels unader 20 and at 20.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p84151695646
The "Money Flow Index" tells me that the stock could make a move-up, of as much as .04c or, .05c minimum next week.
Note the "dips" to under 20 on March 22nd, and at 20, on April 31st.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p49896821808
This is what I read, and I'm interested in what the board has to say about it. It's from 8/24/09
Ground breaking on the plant site is estimated to take place during the last quarter, 2009, with initial clean coal production estimated to commence within 18 months thereafter.
Under the terms of the agreement, SMIRSC will be a 75% partner and appoint 3 directors to the board of the joint venture. We will be a 25% partner and appoint 2 directors to the board.
As its contribution to the joint venture, SMIRSC will provide approximately US$ 25 million in capital, land use rights and improvements, coal reserves for feed stock, delivery of raw materials and subsequent distribution of finished products, guaranteed purchase commitments for finished products.
We will provide approximately US$ 8.3 million in capital, a license to use our patented clean coal technology and technical supervision and support for the construction, installation and operation of the plant.
Each party has committed to contribute a minimum twenty percent (20%) of its share of the capital of the joint venture within 90 days of the completion of a feasibility study and receipt of formal Chinese government approval of the project , and shall make the remaining capital contributions within 2 years in accordance with the progress of the project.
The feasibility study was completed by the Shanghai Chemical Engineering Incorporation (SCEI) in April, 2009. On June 5, 2009, the joint venture company was issued a Certificate of Approval (Operating License) under the name of Inner Mongolian Nuomenhan Clean Coal Company, Ltd,
We are currently awaiting the project’s final approval by the Chinese government which we anticipate receiving during the third quarter of fiscal 2009, after which we will be required to make our initial capital contribution, and be able to complete the final design and commence construction.
Although we have experienced delays both in obtaining the feasibility study and the Certificate of Approval,
we do not expect the final approval to be further delayed and anticipate beginning plant construction by the end of 2009.
The stock at this time was $2.00
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=1&mn=0&dy=0&id=p69453557184
Will someone comment on this for the board?
http://ih.advfn.com/p.php?pid=nmona&article=39166348&symbol=USOTC%3ACCTC
Another date with "18" in it.
This one is 6-months ago.
On December 18, 2009, the Company signed an exclusive Technology Licensing Agreement (TLA) with INK Global Consulting for the deployment of CCTC's technology in India. The TLA provided for the funding and construction of clean coal facilities for an increasing production capacity of up to 100 million tons annually for a period of 20 years.
6-months is a nice round number for the markets sometimes.
and don't forget the others.
February 18th, stock soars to 0.42c
and June 18th, 2009 PR
and June 18th, 2008 PR
"The markets climb a wall of worry", as the old saying goes.
...and there certainly is enough worry on this board to warrant some optimism about a move up in the shares price.
Several PR's have come out at 9:45am
...in the past.
one was at 9:38am
Today is "June 18th". Do we have a "Statistical Oddity" here, in the form of a coincidence?
Which one will it be?
6:00am, 7:00am, or 10:26am
On June 18, 2008 and 2009, both PR's were released in the morning.
June 18, 2010 ___?__am
June 18, 2009 7:00am
June 18, 2008 10:26am
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=2&mn=0&dy=0&id=p99696198143
TonyTheOak, and all,
based on my technical read, I am seeing the same set-up today, as where the stock was, prior to February 18th.
Before that day of February 18th, the stock had made a low of 0.034c, after a 4-week decline, falling from 0.18c on January 20th.
Would you have bought the stock back then at 0.035c on February 12th?
Or, would you have been scared, and wondering about the company, like everyone is now?
What I am saying, is that the stock is at the same point, right now. Th point at which everyone is scared and wondering about the company.
The stock has declined from 0.185c over the last 10 weeks, to a low of 0.062c, found support there, and is now technically at the same point it was at on February 12th.
If you would have bought the stock on February 12th at 0.035c, then you should be able to be honest with yourself, and be able to see that now is the time to be buying and be bullish on the stock too.
If, on the other hand, you would not have bought the stock on February 12th at 0.035c, because you would have been scared to, then you can see that you are experiencing the same emotions now.
That is why, you have heard the saying, "Buy on fear".
On February 12th, I am sure everyone was scared, just as they are now.
On February 12th the stock was at 0.035c, and people were scared, and 3 days later it was 0.42c.
Today, the stock is at 0.069c, and people are scared.
I ask you all. Where will the stock be in 3-days time?
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p66713207031
Technical Update for Friday, "June 18th"
Note:
Today is "options expiration" day, which can at times be very volatile. ( On February 18th, CCTC went from 0.12c to 0.42c )
A Technical picture of the last 5-trading sessions:
June 11th - 17th
Wave (1)5 = 0.080c, A = 0.07c, B = 0.074c, C(2) = 0.068c
CCTC is now ready to move up to (3), the longest Wave, in the 5-Wave structure.
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p54195480880
On June 18, both PR's were released in the morning.
Something to think about.
June 18, 2010 ___?__am
June 18, 2009 7:00am
June 18, 2008 10:26am
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=2&mn=0&dy=0&id=p99696198143
Technical Update, Thursday June 17th.
Over these past 5-trading sessions, CCTC has diplayed a perfect 5-wave advance, followed by an a,b,c, corrective phase, and is now ready to move up to the next level, which I believe will be a huge move of "Impulse proportions".
the following chart shows the June 11th bottom of 0.062c moving up to 0.080c on June 14th. This was a 5-wave advance, able to be seen on an intra-day hourly chart.http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736
Over the following 4-days, the stock has taken on an a,b,c corrective phase down to the low of 0.068c.http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p54195480880
a,b,c, corrective phases are followed by the next 5-wave adnvance, which is higher that the first advance. This next advance up can take on many different levels in term of price. It could only be 0.03c, or it could be 0.12c, or 0.15c. I happen to believe that the next move will move above 0.16c, and then on the next day, follow thru with an even larger price move, the total of which could be a move to 0.76c, or higher, termed an "Impulse Move".http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
This "Impulse move is what the stock had back on February 17th and 18th, when the stock moved up from 0.034c to 0.42c, easily seen on this weekly chart.http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p82740422641
eeprincipal, we finally broke the M.A.,
and made it down to the 0.069c to fill the "Gap", and even got to 0.068c.
Sorry, I was 3-days off.
We may see it go to 0.065c, but if that does happen, we should then see the stock jump to 0.08c soon after.
Here are a couple of charts that I think paint a very bright picture for the move up I'm anticipating.
DAILY:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p47508999319
Though the recent 5-day pattern is a little different from the 4-day pattern prior to the February 17th jump, it is still forming an a,b,c, corrective phase over the 5-days, so it is similar to the 4-days prior to the 17th of February.
WEEKLY:
http://stockcharts.com/h-sc/ui?s=CCTC&p=W&yr=1&mn=0&dy=0&id=p82740422641
What I like here, is the Slow Stochastic. It is trending down, however, it looks to me that it will turn up quickly, since the weekly price is black, and we filled the "Gap".
...and don't forget about June 18th last year,
that PR was released at 7:00am. Today is only the 17th.
Clean Coal Technologies, Inc., (CCTI) Attains Significant Milestones on Inner Mongolia Project
06/18 7:00 am (BUS)
Doug Hague, President & Chief Executive Officer, announced today that
Clean Coal Technologies, Inc. (Pink Sheets:CCTC) has been awarded its
formal Certificate of Approval (license) by the Chinese government for
its Inner Mongolia project. Additionally, the Company has received an
extremely favorable recommendation as part of the Feasibility Study
prepared by an independent evaluation agency accredited by the Chinese
government. CCTI has now completed all prerequisites required for the
formal project approval and government financing for its Inner
Mongolia
cooperative joint venture.
On Dec. 22nd, a PR was released at 10:52am
so, there is still hope for a PR today.
Clean Coal Technologies, Inc., (CCTI) Signs Technology Licensing Agreement for India
12/22 10:52 am (BUS)
Doug Hague, President & Chief Executive Officer, today announced today that Clean Coal Technologies, Inc. (Pink Sheets: CCTC) has signed a Technology Licensing Agreement with INK Global Consulting to build clean coal plants utilizing CCTIs patented technology in India.
Any day now, CCTC will move up sharply to a minimum of 0.16c.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p19999124625
The stock is technically positioned for this move.
NEWS will be the catalyst.
We have past the 6:00am, and 7:00am NEWS times, and in keeping with some of the other times the company has released, 9:45 is the next time to look for NEWS.
A Technical Observation: Thursday June 17th
During the week of February 8th-16th, CCTC bottomed at 0.034c, then rose to 0.050c, then moved side-ways, a period of 4-days, and a spread of 0.016c, before the BIG JUMP on the 17th.This, after a 5-wave decline (0.18c down to 0.034c).
Currently, over the last 4-days, CCTC bottomed at 0.062c and rose to 0.080c, a spread of 0.018c, then moved side-ways, and is displaying a very similar price pattern, and today is June 17th. This, also, after a 5-wave decline (0.185c down to 0.062c).
IMO, we have a similar set-up here, and could see a jump in the pps, just like that of February 17th and 18th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p58126448042
Look for NEWS at 6:00 am
The last two PR's on Inner-Mongolia were on "June 18th", and June 18th is this Friday.
The following chart seems to show that the price pattern is lining up in the same manner as it did on February 17th and February 18th, 4-months ago. http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
I am expecting "back-to-back days", of BIG gains, and am seeing a chance for a Thursday/Friday scenario. The two day, BIG gains might happen on the following back-to-back days:
Friday "June 18th"
Thursday June 17th
Consider this also:
NEWS came out on "February 17th" at 6:00am, and the stock surged from 0.04c to 0.13c. Then, on "February 18th", MM's did their job of advertising the NEWS, and the stock had a follow-thru day which added fuel to the fire, and the stock went from 0.13c to 0.42c.
June 18th, 2010 ( 6:00am NEWS????? )
June 18th, 2009 $2.50
Clean Coal Technologies, Inc., (CCTI) Attains Significant Milestones
on Inner Mongolia Project
June 18th, 2008 $2.75
CLEAN COAL TECHNOLOGIES, INC. SIGNS ADDITIONAL
MEMORANDUM OF UNDERSTANDING IN INNER-MONGOLIA
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=25
http://www.cleancoaltechnologiesinc.com/index.php?option=content&task=view&id=32
A strong move in CCTC this morning may happen if we get NEWS. The most likely time of the release of this NEWS is at 6:00am.
Thursday June 17th, and Friday June 18th, are, in my opinion, the two likely days for BIG moves up.
If NEWS is released this morning, and the stock responds by moving up above resistance levels of 0.08c, 0.11c, 0.146c, 0.16c and 0.185c, then I would expect to see a strong follow thru-day tomorrow, June 18th with Beacon Equity or some other MM advertising it to investors. http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p19999124625
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p58126448042
Technical Update, for Thursday, June 17th.
CCTC is well positioned for a strong rally, both today and tomorrow. First resistance is 0.08c.http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p43543235086
The resistance level of 0.114c continues to be the "key" to the upside potential. If the stock can get above 0.114c, there is no "resistance" until 0.27c, and once that is penetrated, the stock can then move up fast, to over $1.00.
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=569&cobrand=&mode=stock
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
CCTC may have reached bottom Friday June 11th,at 0.062c, to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave 3(red) may be beginning,
CCTC is now positioned for a strong "Impulse" move-up. A NEW, "lower low", is now in place at 0.062c, from the high of 0.42c, that was set on February 18th.
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Wave 3(red) June 11th ( Possible Impulse Wave ???)
1= 0.08c 2=0.07c 3=?
Wave 2(red) February 18th - June 10th Corrective Wave
A=.10c B=.185c C=.062c
Wave 1(red) February 10th - 18th Impulse Wave (6-days)
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
STOCHASTIC ALERT: Stochastic Oversold Reversal
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Long-Term Bullish Breakout
Short-Term Downward Sloping Trading Channel
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c
*From April 29 to June 11, the "Price Trend" is moving down, while the "Money Flow Index" is trending UP!
Result: A potential Strong Impulse move to the UPSIDE !
Note that both the Stochastic reading and Money Flow Index lines, are positioning themselves in a manner similar to where they were, just before the February 17th "Impulse Move" UP.
Technical Targets, for Thursday, June 17th.
(Adjusted daily to reflect the changes in the pps)
**Note: New Low made at 0.062c June 11th
My "Targets" are:
1st Swing Target = 0.308c
(0.185c - 0.062c) = 0.123c, (0.123c + 0.185c) = 0.308c
2nd Swing Target = 0.778c
(0.42c - 0.062c) = 0.358c, (0.358c + 0.42c) = 0.778c
Overshoot Swing Target = possible $1.15 (the April 2008 Support)
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&num1=2&cobrand=&mode=stock
Daily Chart:
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78058708735
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMA%2820%2C16711680%29%3BMFI%2814%2C255%2C100%2C39168%2C16711680%29%3BSSTO%2814%2C3%2C16763904%2C6724095%29&chartindicator_1_code=SMA&chartindicator_1_param_0=20&chartindicator_1_param_1=16711680&chartindicator_2_code=MFI&chartindicator_2_param_0=14&chartindicator_2_param_1=255&chartindicator_2_param_2=100&chartindicator_2_param_3=39168&chartindicator_2_param_4=16711680&chartindicator_3_code=SSTO&chartindicator_3_param_0=14&chartindicator_3_param_1=3&chartindicator_3_param_2=16763904&chartindicator_3_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=49&y=5
Note, that planned sales (or purchases) are not binding and insiders can cancel them for any reason, even if they have non-public material knowledge.
What I might suggest here, is that the SELLING of stock by these insiders could merely be a strategic way to instill fear, so as to get holders to sell their shares, so that they can BUY them for themselves, or, so that others can BUY, knowing that holders will become scared when they see all of the selling.
After all, just look at what most people on the board are saying. They are all in panic mode!!!!
10b5-1 Plan: Planned Insider Purchases and Sales
http://blog.form4oracle.com/2009/09/29/10b5-1-plan-planned-insider-purchases-and-sales/
10b5-1 Plan: Planned Insider Purchases and Sales
The SEC adopted Rule10b5-1 to protect executives from charges of insider trading by allowing them to legally buy or sell shares in their company even if they are aware of material non-public information so long as the trade was specifically laid out in a plan before the executive became aware of the information. A 10b5-1 plan needs to predetermine the number of shares to be traded, at what price and on what date. For example, a plan might say: “Sell 10,000 shares on the first day of each quarter, at a price no lower than $50 per share.”
A 10b5-1 plan must be established through a third party, but does not need to be filed with the SEC. The only way we get to learn that a transaction is planned is by examining footnotes on the Form 4 filings for references to 10b5-1. Here is a sample Form4 filing, note the following text in the footnote of the filing: “Open market purchase pursuant to a 10b5-1 trading plan adopted by the Reporting Person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.”
http://blog.form4oracle.com/2009/09/29/10b5-1-plan-planned-insider-purchases-and-sales/
What does a planned sale mean for an insider transaction with a company and why would that be different from a normal sale of their stock.
Insiders are employees who are considered to have confidential information that the general public does not have. This information could impact the stock price if publicly known. A classic example would be a pending merger. The SEC states that an employee may not trade stock if they posses confidential information. So for an insider to trade stock one of two things must happen.
1) They create a 10b5-1 trading plan. This plan will tell a broker to buy or sell stock based on preset dates or conditions. The insider once the plan is established cannot change it. Typically a new plan is established yearly. This means that even if the insider gains information that could impact the stock price, the plan prevents them from acting on it.
2) The second way an insider can trade stock is during an open trading period. During certain periods, typically after an earnings release, the company can declare an open trading period and all employees are allowed to trade stock. The limitation again is that if you have confidential information, you are still prevented from trading.
Selling Restricted and Insider Stock
Executives need to know the rules for selling their restricted stock.
http://www.themoneyalert.com/restrictedstock.html