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Friday, May 07, 2010 6:23:20 PM
http://www.optionsoutlet.com/trading_technicals/images/improv25.gif
Looking at the left side of this chart,
(1)5 was .42c and this was Wave #1.
Wave #2, is C(2) which was formed by an "A,B,C" corrective phase.
The "A" would be .10c set on March 23rd.
The "B" would be .185c set on April 12th.
The "C" would be .106c set on May 4th.
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p81247470840
IMO, .106c on May 4th could be the bottom, and the beginning of Wave #3. If this is the beginning of Wave #3, my target is for a minimum of .74c with a possible hihg of $1.20 - $2.42
I hope everybody was able to accumulate this week at the lows of .106c - .115c, even though the stock never hit the .097c, that I was expecting.
The important thing here, is that everyone get into the stock this week, because I believe that next week will see CCTC moveup very high, and very fast.
GLTA
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