trying to point out some positives for fellow bagholders........checkout the 30 day daily chart for cctc,,,,,,,,,,look at the daily Vol. pattern forming...........a descending triangle............since the vol. spike, vol. has dimished almost every day, forming a nice triangle.........what this shows are the sellers are drying up along w/ the vol........this is creating a flexpoint and signals an upcoming change in direction.......the Fast Sto is at 9.3: this points to an oversold condition....most of the risk has been eliminated......a low fast sto is buy siganl and a high fast sto is a sell siganl.....at this level, it's screaming buy......also, the DMI is showing the buying pressure is still above the selling pressure on the 30 day daily chart.....that's very positive considering how far we've pulled back......and the Parabolic Sar is still giving a Buy Signal, that's extremely positive as well......from a purely technical standpoint this is a buy............since the big day, the mm's have evened out their books,,,,,they were forced to go short on the big run and have now covered their positions and will be ready for another run...........runs never start on a fri, so I'm not expecting any miracles today, but i could certainly see one next week.......just like us, the MM's know of the upcoming announcement on the new deal.........and i don't see them taking this much lower.....my conclusion is: this is OVERSOLD and ready for a run.............remember: BUY FEAR/SELL GREED$$$.......oh yeah, look at level2......the buyers are lined up on the bid and really not many sellers on the ask....IMO this is the MM's dropping the price to fill BUY ORDERS, not people dumping.....on the ask you have 123, 128, 13, 133, 134, w/ only 1 order at each level......on the bid you have 2 people trying to buy at 121 and 6 at 12.............what's that tell you?
