Itronics Inc (ITRO)

[Chrion]

>Chri, wtf is a Ichomoku cloud? lol

Hi Fed,

I guess I missed this post. I want to reply to it beacuse this is one of my favorite indicators. I'm not a paid subscriber to stockcharts.com so I can't post charts.

But I can give you easy instructions

1: Goto www.stockcharts.com
2. Select weekly
3. Scroll down to the 'overlays' section
4. Click Ichimoku Clouds
5. Click update

This is a Japansese indicator that is supposed to give the best at-a-glance view of a chart.

Notice the significance of ITRO on the weekly chart. Also note teh strength on the daily chart, and how we are still above 2 support lines on the daily chart, and the weekly looks awesome.

1) The cloud itself shows the major trend. If if is above the cloud it is bullish, if it is below the cloud it is bearish.

2) The blue and red lines represent the first line of support and resistance. Also when the blue line crosses the red line it is like a MACD crossover.

3) The following indicates the strength of bullish cross-overs (blue over red)

- Below the cloud: Weak Bull
- in the cloud: Medium Bull
- Above the cloud: Strong bull

4) The following indicates the strength of bullish cross-overs (red over blue)

- Below the cloud: Strong Bear
- in the cloud: Medium Bear
- Above the cloud: Weak Bear

5) There is also a 'trailing acceleration' indicator. When it crosses above the 26 day price lag it indicates the stock will accelerate upwards.