Itronics Inc (ITRO)

[Chrion]

Moon analysis

Hey Fed,

Sure i am up for it. Bear in mind that when things get crazy around trend changes and stalls I'm a little rusty and still learning.

As you noticed we had three moon phases where the market traded basically flat, then we had a small blow-off top rally followed by an 8% drop from the top. Whenever you see the 3 moons flat it usually means a drop is coming.

The market has been in a confirmed daily downtrend since around 1-19-10. This is confirmed by the daily ADX and Ichimoku Cloud. The weekly chart is still intact, which means so far this daily downtrend is corrective.

The market is now rallying nicely off of the low of 9908 on the dow signaled by this weekends full moon. (highs and especially lows can actually occur 3 days prior to the moon). In order to confirm that the downtrend is over we need to make a nice new high over 10650. A nice pivot point will be 10400 when we break the dma 50 on the daily chart. That will give us some momentum and push us back on track. I am thinking by April timeframe.

For now we are still in the 'cautuios' zone.

For ITRO:.....

I think we may see us break the cup .0035 this week. We are getting some good momentum and this period should be good for ITRO.