NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Elliott Wave #1 and #2 for CCTC

The following diagram will explain my interpretation of where CCTC is currently.

The Wave Structure from the bottom left to the top, 5 (v),
represents Wave #1 , .034c to .42c. Impulse moves go up in 1-2-3-4-5 sequence, and this is what CCTC did, when it moved from .034c to .42c.

http://www.acrotec.com/elliottwave/ew2.jpg

The Corrective Phase, Wave #2, shown to the right of the diagram, moves down in the form of an "a,b,c pattern. CCTC moved down from the .42c high in this manner moving down to .108c, up to .18c, then down to .10c, then up to .185c, and currently moving down.

The "a" is .10c, and the "b" is .185c, and we are approaching
"c", where I believe CCTC will bottom at .097c.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p00781965468