I can lead a horse to water, but I can't make him drink !
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This chart shows we did fill "Gap"
below.
http://www.windchart.com/stockta/analysis?symbol=CCTC&country=USA&cobrand=stockta
Yeah. We left Sat.a.m No Computer
to refer to news. I just paid attention to the volume over the phone. Since only less than 5 Million shares traded, I figured nothing important happened.
So, what happened?
Did the 10K give negative info that investors don't like?
Bullish Intra-Day Crossover, at close !
http://www.windchart.com/stockta/analysis?symbol=CCTC&country=USA&cobrand=stockta
Just got back from vacation. So what is up?
I see the 10K came out and the stock reacted negatively.
I also see that the "Gap" got partially filled on the downside.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p01878544105
We now have "Gaps" above us and below us.
Is the signing going to take place soon?
I can't spend the time going thru everyones posts, or the 10K.
Please help , by telling me what is now going on.
Thanks everyone.
I have found that stocks that have an initial 10-fold move on their first leg, or wave up, experience a second leg, or wave up which amounts to roughly 6 times the first leg high.
The first leg up shows conviction on the part of the buyers. They were all willing to buy heavily, based on whaever they saw as the underlying reason(s). They are the first time BIG BUYERS.
The second leg up, isa a combination of both the first and second time buyers coming in to the stock, so the stock gets a multiplying or pyramid effect.
Usually, the second leg up, as described under "ELLIOTT WAVE Theory", is the biggest, or tallest move up in the 3-legs, or waves structure.
The 2nd leg or wave up, is a accumulation of buyers who are hopping aboard the train that is leaving the station.
The 3rd wave up is the last wave, when all the doubtors and late comers come on board. The pay the highest prices for the stock, and are the ones that usually get burned.
http://www.optionsoutlet.com/trading_technicals/images/improv31.gif
Wave 1
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
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.
Wave 4
People take profits because the stock is considered expensive again. This wave tends to be weak because there are usually more people that are still bullish on the stock and are waiting to “buy on the dips”.
Wave 5
This is the point that most people get on the stock, and is most driven by hysteria. You usually start seeing the CEO of the company on the front page of major magazines as the Person of the Year. People start coming up with ridiculous reasons to buy the stock and try to choke you when you disagree with them. This is when the stock becomes the most overpriced. Contrarians start shorting the stock which starts the ABC pattern.
My Target is for $2.52
I arrive at that price by multiplying
.42c X 6 = $2.52
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=1&mn=0&dy=0&id=p37347692225
Basically, I'm of the opinion that CCTC is a "Swing" candidate.
The drop-off price was $1.25
I'm multiplying that figure twice.
Retracement Levels for you to view.
Traders Work Sheet
52-week High $3.05
50% is $1.54
38% is $1.89
13 week High $1.41
50% is .72c
38% is .88c
http://barchart.com/cheatsheet.php?sym=CCTC
Look at this 80% BUY Rating !!!!
on the Short-Term Indicators....
Overall Average is a HOLD !!!!
http://barchart.com/opinions/CCTC
Once again compare CCTC to VSTNQ
for the direction CCTC is probably heading to!
VSTNQ had a 10 fold move up from .013c to .15c, then took 7-weeks to consolidate or correct those gains, within the confines of what some could call a descending triangle. At the Apex of that traiangle, which took 30 days to reach, the company released its much anticipated 10K and year and qtr results. The stock rose sharply from .06c at the double bottom of the triangle to a high of .95c, a 15 fold move.
http://stockcharts.com/h-sc/ui?s=VSTNQ&p=D&yr=0&mn=3&dy=0&id=p08098019409
Now, about CCTC......
CCTC also had a better than 10 fold moveup from .03c to .42c, and since that time, has taken thus far 27 days, 6-weeks, to consolidate or correct those gains, within the confines of what some would interpret as a descending triangle also. CCTC is currently coming to the Apex of this triangle, and to the much anticipated 10K along with a PR. We also have a double bottom within the framework of this triangle , just as VSTNQ. If I am right in my evaluation, CCTC could have an explosive move coming next week. Already, the last 3-days have displayed what one might consider a minor leg, or wave up....which could be the beginning of the 3-waves, or legs that are identified under Elliott Wave Theory wave structure.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p44833221697
http://www.optionsoutlet.com/trading_technicals/images/improv31.gif
Two BULLISH Indicators to consider !
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&mode=table&table=trend&num1=2
I am still of the opinion that CCTC...
has a big chance at breaking out to the upside next week, the 7th week of this consolidation, of the gains from .03c to .42c set in Feb.
I also continue to believe that CCTC has a chance at getting to 3- targets of mine.
1) .74c
2)$1.50
3)$2.40
....especially if we get over 80 Million shares traded on the day, and the NEWS, and, or 10K, is full of positive substance !
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=2&mn=0&dy=0&id=p44802882190
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=1&mn=0&dy=0&id=p62877054137
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p62021548248
Technical oddity for you to view.
Pattern interpretation is very interesting to me, but here is something all of you can try to interpret.
If you try, you will be able to see how the following two views of CCTC look very similar in their pattern.
In the first view, the daily chart reveals the BIG spike, or what some call a Flag Staff, followed by the Penant, or Descending Triangle from Feb.17th to the present. There is a double bottom at .10c in the triangle.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p66068646782
In the second view, the 15 minute chart reveals the same BIG spike, or, Flag Staff, followed by the Penant, or at least possibly the beginning half of a Penant, or Descending Triangle from Tuesday thru today. There is also a double bottom at .13c, in this possible triangle if it continues to shape itself in that manner.
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
Could it be that this is forth telling for Mondays trading?
Did someone enter an order for .014c instead of .14c?
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
If we go down to .13c, then I would interpret this as a "Descending Triangle" just as the below link illustrates, and in which case, there are two scenarios. Either is goes down below support of .13c, or it busts out to the upside. Currently, you can clearly see that .13c is support.
http://www.thehotpennystocks.com/Learn-To-Trade/descending-triangle.aspx
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
The thing about technical analysis that is upsetting to most, is that its image can be left open to multiple interpretations.
What appears to some as a "Flag or Penant", could be viewed to others as a left side of a building Descending Triangle".
Over the last 3-days the following image of the price pattern could be interpreted as a "First Minor Leg up" of a 3- Leg up move toward $1.20, as an example.
Others may view it as a minor wave a,b move, coming down from
.15c 2-days ago.
That's what makes a market......different interpretations.
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
Stocks are not like Cruise ships !
Stocks can turn on a dime.
All it takes is the release of a much anticipated news event.
Traders, brokers, wealthy investors, etc.,
all of them are watching their stock like a hawk, just as we are.
Especially if they have a lot of stock.
Money goes where it needs to go, to preserve and enhance itself.
If news comes out this very second as I am writing this, and its better news than anyone thought, it will cause a virtual stampede, a veritable BULL RUN !!!!
how do the "shorters" cover themselves, and what is the direction of the stock. The "shorters" will "cover" when they are certain the stock is heading "UP." What happens if there is no stock for them to purchase? All of a sudden the "supply/demand" position is turned on its head. Instead of no Buyers (demand) looking at a 435,000,000 share supply, we now have maybe 40,000,000 to 60,000,000 short demand chasing no supply. As fast as the stock went from $1.20 per share to $ .04 per share, it is my opinion that the stock could go from $.14 per share (present), back to above a dollar. There could develop a "feeding frenzy" to buy the stock to stop the losses of the stock moving up.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p11773017147
Just to clear things up for my critics.
I acknowledge, that we don't have to go down from here to fill the open gap.
I acknowledge, that the company could release their 10K and, or news at any moment, causing a huge volume move, where millions could come in any moment, and a resulting spike in the price could move the price up to .75c to $1.00.
I also acknowledge, that I have seen this very scenario happen personally. I had a stock move up, unexpectedly, catching me by complete surprise.
So, I agree, with all of my critics on this board......
I have NO IDEA when this stock will spike, or collapse.
I agree, as I have said. Great time to be adding to any current positions.
I agree that I have NO IDEA when they will release news.
That's why I'm back in the stock. The CEO made a convincing point in his PR about upcoming events.
I also consider technicals though. I believe that all that is known about the company by all who are in the know, is already factored into the price of the stock. The market is a forecasting mechanism....it looks ahead 6-9 months in advance, as they say.
The move up from .03c to .42c, happened as a result of these people in the know, knowing what they knew, months ago.
Even now, there are people who know what it is we are all trying to figure out. The approaching BIG move up in the stocks price will reflect all that is known both now, and what has been known for the last couple of months.
I agree...BUY now...absolutely !!!!!
It all depends on just how much of a difference it will make with the number of shares that you own.
Right now the price is at .14c.
Even if the price, as I suspect, goes down to .10c - .11c,
it's not in your interest to sell your shares here, and wait to buy next week at .11c, if you only have a few shares.
If you have 100,000 shares, it would have been in your interest to have sold the other day when the volume was big.
Right now, is not the time to be considering selling a few shares and buying next week at a lower price.
Right now is the time to be buying shares as the price goes down, to add to the shares you already own.
Always look to sell when the volume is big. I'm talking millions trading in a day.....
On Feb.18, over 70 million shares traded...that was a great time to sell if you had lots of shares to sell, especially if you had bought them at .04c
Yes.Over the next several days, until the much anticipated NEWS that will be in the Release of the 10K.
There is no reason for the stock to advance here right now.
News is needed, along with very BIG volume to lift this or any stock.
When you have low volume, its easy for market makers to make the stock go down, and the market always, always, always tests areas of weakness, before it moves ahead and up.
Until we see the 10K, which is, according to the CEO, the next item on the agenda, the stock will drift to fill in the gaps.
This is the time to accumulate if you want shares. Once you have the shares you want, you then wait for the news to come out, and look to sell on the rise in the stock which is carried up by huge volume.
Locked inside of a "Descending Triangle"
What one looks like:
http://www.thehotpennystocks.com/Learn-To-Trade/descending-triangle.aspx
Where it is right now:
on a daily 15 minute chart, the left side, moving toward the right side and descending....
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
We will be locked inside of this pattern for the next several days, until the 10K comes out. By then the stock will have moved down to fill the "GAP" left open at .11c
More from Wayne Crumpley's Thoughts . . .
how do the "shorters" cover themselves, and what is the direction of the stock. The "shorters" will "cover" when they are certain the stock is heading "UP."
As fast as the stock went from $1.20 per share to $ .04 per share, it is my opinion that the stock could go from $.14 per share (present), back to above a dollar.
My thoughts on his thoughts.......
It took 5-weeks for CCTC to drop from $1.20 to .04c, so, according to him, it should take 5-weeks then for CCTC to got to $1.20 from .14c
5-weeks from his writing would be around April 15th.
5-weeks from the bottom at .04 on Feb.10th would be roughly last week, but to give him the benefit of everyones doubt, the 10K is due next week, so he'd only be 1-week off if it went to above
$1.20 on that day.
Food for thought !!!
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p98637443205
Wayne Crumpley's Thoughts . . .
Monday, March 15, 2010
My prediction is . . . for Clean Coal Technologies, Inc. (CCTC) stock price is that it could get to over $1.00 per share by, or before, September 15, 2010.
How is it possible for CCTC to go from $.14 to $1.00 within six months? What happens from March 15, 2010 to September 15, 2010 are the following:
1) Annual Report (10-K), due March 31, 2010;
2) First Quarterly report (10-Q), due May 15, 2010;
3) Second Quarterly report (10-Q) due August 15, 2010;
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p57228351126
The 10K could be the BIG ONE that everyone wants to BUY on!
It should show just how much money was recieved, and possibly show when the signing took place.
This information would be a very BIG deal to investors, and could provide the needed "better than 80 Million shares", that it will take to lift the stock to well above .42c.
Clean Coal Technologies, Inc., (CCTI) Signs Technology Licensing Agreement for India
12/22 10:52 am (BUS)
INK Global will pay CCTI a one-time
licensing fee based on production Initial
license revenues are anticipated within 45 days.
Clean Coal Technologies, Inc. Signs Memorandum of Understanding (MOU) with Tianjin Tianning Coal Traders, Co., Ltd. (TTCT)
02/17 6:00 am (BUS)
The formal signing of the CCTI Technology Licensing Agreement is
expected to take place in March, 2010, and will provide for CCTI to
receive incremental license fees and royalties based on production.
The direction of CCTC hinges on VOLUME !
We need upwards of 80 Million shares ( beating the previous volume of Feb.18th ) to carry the stock to above .42c
The next move can't stall out at, say .26c
The next move must go all the way up past .42c on over 80 Million shares to show conviction.
Make no mistake, I feel as though CCTC will ultimately go to a minimum of .74c, but it may take sveral months to do it, depending on the timing og the releases and their substance.
Volume and the PR News are the key factors in determining how long it will take to get to .74c. If volume is 80 Million and the stock can get thru ..42c on the next move, then .74c is reachable soon. I f volume is lighter than that and only reaches .26c say, than, .74c will take sveral months to reach.
For now, we are waiting on a good 10K, and a PR with the words "SIGNED, FEES, etc.", and huge volume.
How I come up with .74c as a target is easy:
Technically, you subtract .10c (the low set on Feb.24) from the high of .42c ( set on Feb.18 ) which equals .32c. You then add the .32c to the .42c high and you get .74c. This is called the "Swing".
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p78677964751
Finally, someone who understands.
Someone is finally on the same page as I am....
Dr. Pennystock removed CCTC on March 11th at .155c for his members, telling them it was a SELL.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p58789505533
CCTC – "The Gold members received a sell recommendation at .0155 yesterday, a 5% profit, it’s a sell and is out of the list."
Dr. Pennystock likes CCTC once again !
He's added it to his list if anyone is interested in that.
I don't put any faith into his adding it, but I do find it interesting, nonetheless.
He has it " ON WATCH ".....for his clients.
He had removed it from his list 3 weeks ago, when it was at .15c
http://www.drpennystock.com/
not risky if you follow the rule to sell on the news.
Check the charts and you'll see that it works...
buy stock after a 5-wave down move.....
or 50% down move....
CCTC fell from .18c to .10c.
so that's a buy right there.
sell on the news, in this case it yielded a 50% return.
just check your charts an see that it works.
they don't release news but once in a while you know, so you have to get your profit when its handed to you or else you'll be kicking yourself all year long for not taking the money each time you're able to.
This is why I say SELL on the NEWS !
If you Bought at .10c last week,
with $10,000, ( 100,000 shares)
and then SOLD ( your 100,000 shares ) yesterday on the news at .155c,
then you made $5,000 in one week.
You'll never go broke taking a profit !!!!
then, you buy back another 100,000 shares next week, once it falls back to .10c,
which should happen next week...
There will be one more chance to load up at .11c IMHO
Next week when the stock gets back down to .105c.....
sitting right on support once again.....
hopefully the CEO will release the PR then.
In the process of forming a "Descending Triangle" IMO...which is BEARISH....
Yesterday and today and the next several trading sessions will create this pattern...
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
DESCENDING TRIANGLES are BEARISH...
http://www.thehotpennystocks.com/Learn-To-Trade/descending-triangle.aspx
Once again...we have NO support underneath of us....
.13c is sitting on thin air.....there is no support holding .13c
I suspect that .10c -.12c will be filled over the next 4 trading sessions...until the next NEWS item is released....maybe then we'll get a NEWS item with more substance to it.....the STREET wants to see the word "SIGNED" in the Headline of the PR.....and, or $$$$$$, and the words Agreement, and FEES....etc.
That will be the only PR that will carry CCTC to above .18c, and .42c.....everything else is just "FLUFF"....
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
Thanks ospreyeye. My rule has always been to SELL on the NEWS...that would have gotten everyone out at the top...and able to buy at a lower price...I too hate GAPS...They do tend to be filled more times than not from my experience...I mentioned in an earlier post yesterday that filling the GAP at .11 - .12c was a possibility, but I was quickly critisized and called a "SHORT"...and that I was a bad actor.....
I just call them as I see them, and well....looks like we're headed down to fill that GAP afterall...
Hey Drew, where is it that you see this info
I'd like to see that same info...
Thanks,
edurk
Shadow, what site are you looking at that shows you this information.
I need to get on there....
Thanks,
edurk
Are the SHORTS covering at these price levels?
Is that why we are staying up here?
Where is "ospreyeye", we need your technical read
on the trading today.....
Looks to me like the stock wants to go higher....
It is riding above the 9-day moving average....
that's BULLISH....by my understanding of things..
Who thinks we'll see news this morning?
This mornings "Gap" up is much like the "Gap" that we saw on the 17th and 18th of February.
If the "Gap" stays open this morning, CCTC would then follow that pattern, since yesterday was a "Gap" up also.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p71299960670