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Post# of 64334
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trader53

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trader53

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Re: None

Wednesday, 05/12/2010 9:58:01 AM

Wednesday, May 12, 2010 9:58:01 AM

Post# of 64334
An "Elliott Wave" view of,

the move from May 4th at the low of 0.1060c to the high of
0.1460 on May 10th, and the drop from 0.1460c, down to yesterdays low of 0.1100c

This was a 1-2-3-4-5 Impulse move-up, followed by an A,B,C corrective move down.

See below chart for explaination:

http://www.optionsoutlet.com/trading_technicals/images/improv25.gif

IMHO,
this is the first wave, of the next 4-waves up.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p25256523035

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=3&dy=0&id=p93167874433

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