pps and chart are still looking strong
Hey everyone,
Just thought I'd drop a note; The chart on ITRO still looks very strong and I think we are getting close to the next large move up. That said, I wouldn't be surprised to see it stay in consolidation pattern for the rest of December. Not saying that it won't break sooner just that the bbands are still tightening up some. Remember we've had a large move already from .0009. Jan 2010 and beyond looks really good.
I'm also still watching the moon, and the braoder market is seeing some interesting things this month. It made a high on Nov 1 (full moon) and instead of it making a true low on the 14th and a new high on the 28th, the market is basically trading in a horizontal trend. Now that we are moving into the new moon it will be interesting to see if we set even newer highs. This is the area of moon trading that I am not that experienced in. I have observed that this pattern can go either way, either setting a new strong multi-moon run, or represent a change in trend downwards. Being that we have some good support lines under us in the market we will eitehr see a continued ralley into the new moon on Dec-16th, or a modest pullback to the nearby trendline at the new-moon and then a rally into the fullmoon close to the end of the year Dec 30-31
Anwyays this is the area that i'm just learning, and I'm not good at predicting what will happen when the moon cycles do interesting things yet.
I'm also not sure what this means for ITRO as it doesn't usually follow the broader market, although as I pointed out last time ITRO does also follow the moon along major highs and lows, just somtimes it is inverse to the broader market.
