tigi-murreymath view plus if you believe in candlesticks in this otc world checkout tigi's chart-a long white candle friday should mean we're going up from here --12/20 dipped to .009 way oversold-12/21 low was .010 a higher low[another good sign]also volume is picking back up http://www.litwick.com/cgi/chart.cgi friday's TIGI's long candle's body goes between .01 and .014 which added together than divided by 2 will give you it's waist= .012[which according to gann and murreymath -this support should hold if the stock is strong]
here is a long murreymath view of TIGI- tigi is trading between two frames -mostly between .0366 and .0122
.0488--------------------------------8/8 .0457---------------------------------7/8 .0427---------------------------------6/8 .0396---------------------------------5/8 .0366---------100%----------------4/8--this is acting like extreme resistance[last 24 days] .0335----------87.5%--------------3/8---we triple topped here [.034] 11-26,11-28,and 11-29-headed back down for support .0305----------75%-----------------2/8 .0274----------62.5%--------------1/8 .0244----------50%-----------------0/8--8/8[frame change ]going back up we have extreme resistance here[last 14 days] .0213----------37.5%---------------------7/8 .0183----------25%------------------------6/8 .0152----------12.5%----------------------5/8 .0122------------0%-------------------------4/8--monday must hold this support[remember the waist=.012] .009--------------------------------------------3/8-we bounced off here 12/20[way oversold] .006--------------------------------------------2/8 .003--------------------------------------------1/8 .000--------------------------------------------0/8
here is some explanation of the 8/8 resistance points
8/8 th's (Ultimate Resistance) This line is the hardest to penetrate on the way up, and give the greatest support on the way down. (Prices may never make it thru this line). 7/8 th's Line (Weak, Stall and Reverse) This line is weak. If prices run up too far too fast, and if they stall at this line they will reverse down fast. If prices do not stall at this line they will move up to the 8/8 th's line. 6/8 th's and 2/8 th's Lines (Pivot, Reverse) These two lines are second only to the 4/8 th's line in their ability to force prices to reverse. This is true whether prices are moving up or down. 5/8 th's Line (Top of Trading Range) The prices of all entities will spend 40% of the time moving between the 5/8 th's and 3/8 th's lines. If prices move above the 5/8 th's line and stay above it for 10 to 12 days, the entity is said to be selling at a premium to what one wants to pay for it and prices will tend to stay above this line in the "premium area". If, however, prices fall below the 5/8 th's line then they will tend to fall further looking for support at a lower level. 4/8 th's Line (Major Support/Resistance) This line provides the greatest amount of support and resistance. This line has the greatest support when prices are above it and the greatest resistance when prices are below it. This price level is the best level to sell and buy against. 3/8 th's Line (Bottom of Trading Range) If prices are below this line and moving upwards, this line is difficult to penetrate. If prices penetrate above this line and stay above this line for 10 to 12 days then prices will stay above this line and spend 40% of the time moving between this line and the 5/8 th's line. 1/8 th Line (Weak, Stall and Reverse) This line is weak. If prices run down too far too fast, and if they stall at this line they will reverse up fast. If prices do not stall at this line they will move down to the 0/8 th's line.
now a murreymath immediate view of TIGI as of friday
in the long run we are trading right now in a very oversold area imho
according to last 8 days we have been trading in the area between [3/8 and 5/8] as was mentioned above in resistance points explanations--kind of interesting isn't it---thanks to murreymath
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