Friday, March 26, 2010 3:17:20 PM
Pattern interpretation is very interesting to me, but here is something all of you can try to interpret.
If you try, you will be able to see how the following two views of CCTC look very similar in their pattern.
In the first view, the daily chart reveals the BIG spike, or what some call a Flag Staff, followed by the Penant, or Descending Triangle from Feb.17th to the present. There is a double bottom at .10c in the triangle.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p66068646782
In the second view, the 15 minute chart reveals the same BIG spike, or, Flag Staff, followed by the Penant, or at least possibly the beginning half of a Penant, or Descending Triangle from Tuesday thru today. There is also a double bottom at .13c, in this possible triangle if it continues to shape itself in that manner.
http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736
Could it be that this is forth telling for Mondays trading?
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