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Hi all.
At this point I would be cautious going long oil. IMO oil is in a corrective faze that will back test the previous up trend. I believe there is limited upside left before the final C leg down. Most likely to below 20 dollars a barrel.
IMO
Thanks! Just got in, what a beautiful thing to come home to after a hard day in the sun. We knew it was bound to move but what a surprise!!
This is my 60 min count for the INDU. Today looks like a back test of resistance forming a downward third wave extension.
IMO
This guy is informative. Worth watching if you have 30 min.
http://thechartpatterntrader.com/
The INDU has tried to get back above the rising resistance for two days and failed. The only hope would be for a double zig zag or some complex formation. I'm not sure that will happen with the ending diagonal though.
I hope so. Maybe this will set it up for better news to come.
I hope it holds up for you today. Even my NNVC has news this morning. Hope it can get it moving finally.
WEST HAVEN, Conn.--(BUSINESS WIRE)--NanoViricides, Inc. (OTC BB: NNVC.OB) (the "Company"), reports that Dr. Vivien Boniuk, Associate Professor of Ophthalmology, Albert Einstein College of Medicine, associated with the North Shore Long Island Jewish Health System (NSLIJ), will be presenting additional results from the animal studies on nanoviricide drug candidates against Epidemic Kerato-Conjunctivitis (EKC). These studies were conducted at the Feinstein Institute for Medical Research of the NSLIJ. Dr. Boniuk will be speaking at the GTC-Bio Conference on Ocular Diseases and Drug Discovery on April 21 in Philadelphia, PA.
Both of the nanoviricide drug candidates evaluated in this pilot study were found to be clinically highly effective against EKC caused by an adenovirus in the rabbit animal model. Both nanoviricides significantly reduced conjunctival injection (severe redness of the eye) as well as blepharitis (exudate, swelling, matting of fur). NanoViricides, Inc. has previously announced the preliminary findings of the study as they were received by the Company.
In addition to the significant positive clinical findings reported earlier, Dr. Boniuk will also report that the best nanoviricide drug candidate showed excellent long term results. There were no SEI’s (Sub-Epithelial Infiltrates) in animals treated with this nanoviricide (0% incidence). In contrast, in vehicle-treated animals, 83% incidence of SEI’s was found, and a 100% incidence of SEI’s occurred in untreated infected animals. SEI’s are caused by local T-cell mediated immune response to the adenovirus, leading to hazy spots in the cornea. Occurrence of SEI’s in the human eye can lead to decreased visual acuity for as long as two years. In all the treated as well as untreated infected animals, robust antibody response was observed to occur as measured by antibody titers on day 21. Nanoviricide treatment thus led to both clinical resolution and immune protection against adenovirus. As expected, no antibody response occurred in uninfected animals.
Long term reduction of visual acuity (poor vision) in severe cases of EKC in humans is caused by the occurrence of SEI’s. Thus, absence of SEI’s is an excellent indication of a strong therapeutic effect for EKC-Cide™ in human EKC.
“These results confirm that our EKC-Cide is likely the best available drug candidate in development against EKC,” said Eugene Seymour, MD, MPH, CEO of the Company, adding, “We are now planning to evaluate its effect against herpes virus infection of the external eye.”
Together, herpesviruses and adenoviruses are the principal causes of serious viral diseases of the external eye. At present, there is no satisfactory treatment for adenoviral keratitis/conjunctivitis. The potential domestic market for an effective drug against all viral infections of the external eye is variously estimated to be from $500M to billions of dollars.
In another news, the Company has updated the Product Pipeline page on its website (http://www.nanoviricides.com/pipeline.html). The Company has also added Prof. Thomas Lentz to the Scientific Advisory Board list on its website (http://www.nanoviricides.com/lentz.html).
I'll work on it.
Yea I'm glad I took the time to learn EW, well worth it. Even if I have it wrong in the short term the truth about the long term is scary. Most people wont accept it until it's to late.
I've messed with the pitchfork but never understood how it work. I'll have to look into it and see what I can figure out.
There is a chance we see what's called a throw over tomorrow. That's were it breaks the top of the triangle but fails either intraday or the following session. My wave count doesn't show the INDU advancing any higher other then the possible throw over. As far as seeing 8200 again, it could be many years before we see it again. I guess it really depends on the wave count in the big picture. I've seen several different counts some say this is a minor wave 4 of intermediate (5). That count has proven wrong because their minor wave 4 overlapped their wave 1 and 2. Others say were in primary [2] it may be but I can't get that count to work out. I have the count at intermediate (4) of primary [1]. So I'm looking for intermediate (5) of primary [1] next. It may be possible for primary [2] to reach 8200 again but I wouldn't count on it unless we see a truncation of intermediate (5). That's were a wave 5 tests but doesn't make a new low. In the big picture were not even close to the true bottom. There are a lot of gains to erase from the last several decades. Certainly it won't be strait down so trade when there are opportunities. IMO
Personally I think this is a top. Notice the ending diagonal or rising wedge for the C wave of the A,B,C correction. It's been a nice rally but what goes up must come down. I'm looking for a test of the March lows and probably new lows from here. If the March lows are broke the next level could be around 5800 for the INDU.
The banks are cooking the books a sure sign things are worse then they lead us to believe.
IMO
The INDU has hit resistance lets see if it can break it or if this is the end of the rally.
Good Morning!
PTN is heating up intraday again. Watching for the Bull Raid setup.
I would be careful here. The INDU looks to have limited upside. Should at the least see a correction soon. IMO
Daily
60 min
You're welcome.
Looks possible Investing. PNTV's long term is A+ Gold Rush with Krakatoa. The daily is in Krakatoa also. It may take a little time for the intraday to setup though. The volume is a little on the lite side but I'll keep an eye on it.
I'm still riding the train but looking to get of at the next stop. hehe
GLTY
Thanks Ken. I know you put a lot of time into this.
Gold seems to be losing it's luster. Soon there will be no place to hide.
Welcome back TTR! How was the vacation?
I see two possibilities right now for the INDU. One it's in a wave two or starting wave three down of [c] of B. Two it's in wave 5 of C that will end the rally unless wave five becomes extended.
This is were I think the INDU is right now. Compare it to that 1937 chart and you will see the similarity, it may be more like May 9th or 10th of the 1937 chart.
I copied that comparison chart from another site. If I see it updated I'll post it here for you. Just looking at it I'd say were at about May 11 or 12 in comparison. Seems like it's following it almost to a T so far.
As far as DNBK it's to young a stock to get a long term reading. Although it's in Krakatoa I would be cautious unless it can break out of the wedge in the near term. IMO
CPST on watch.
That sucks! I've been watching it for a while too.
PTN looks interesting intraday.
PPHM still looks good by my count.
INDU 60 min EW update. I believe the DOW is in the process of a minor B wave down when complete should be followed by a C wave up.
Hi Ken. Welcome back, glade to see your getting better.
When do you leave? You better stay out of the sun I wouldn't want to see you get burnt. hehe Have a good time.
The reverse triangle could be a top or continuation. If it's a top then this could be it for intermediate (4) and we start (5). If it's a continuation then I'll change it over to primary [1].
http://www.trending123.com/patterns/reverse_symmetrical_triangle.html
Thanks for the update Cats.
It's a process of elimination. That's why you need to have alternative ideas. Use a count until it's proven wrong then go to your alternative or figure out were you went wrong.
I've updated this daily chart to show how were in intermediate (4). Intermediate wave (3) was extended.
IMO
It looks like the B wave down is here.
Your welcome.
I want share holders to know where the stock could be.
It's really not as complicated as it seems. It's just hard to keep track of.
The market's compound construction is such that two waves of a particular degree subdivide into eight waves of the next lower degree, and those eight waves subdivide in exactly the same manner into thirty-four waves of the next lower degree. The Wave Principle, then, reflects the fact that waves of any degree in any series always subdivide and re-subdivide into waves of lesser degree and simultaneously are components of waves of higher degree.
If it only actually took on this look. Throw in a few triangles and wave extensions and it gives it a little character
Looks good Chart. Red Ready, could have some legs.
I need to change that. This is the hourly it should be in the process of blue [v] of A. I would think A will complete with in a few days to a week. Blue wave [iii] was extended so [v] can't be. It will just be green (i) to (v)= blue [v]= pink A. Then a pull back for B then back up for C.
IMO
This is what I think is happening here.
NNVC is ending wave 2 with a reverse symmetrical triangle. There are two types of reverse triangles one is bullish and the other bearish. IMO this is the bullish one since it's ending wave 2. If I'm wrong then we go back to the top of the triangle then back down and go lower or we just go lower from here.
IMO