Tuesday, May 18, 2010 5:43:27 AM
CCTC may have reached bottom on Friday to establish Wave 2(red),
(a,b,c corrective phase).
http://www.optionsoutlet.com/trading_technicals/images/improv32.gif
Wave 3(red) may be beginning. A strong "Positive Divergence" is now in place. CCTC is now positioned for a strong move-up, having reached my target of 0.097c, a 3rd lower low from the high of 0.42c that was set on February 18th. Look for gains all this week, Monday May 17th- Friday May 21st.
I have adjusted the count, to reflect Fridays low, of 0.0880c
Refer to 5-Wave "Elliott Wave" Chart below:
http://www.ensignsoftware.net/images/20-4.gif
Where CCTC is Currently:
Wave 3(red) May 14th - possibly started.
1=0.11c
Wave 2(red) February 18th - May 14th Corrective Wave
a=.10c b=.185c c=.0880c
Wave 1(red) February 10th - 18th Impulse Wave
1=.05c 2=.035c 3=.13c 4=.12c 5=.42c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p88501038499
ALERT: Stochastic is Oversold Buried
http://www.stockta.com/cgi-bin/analysis.pl?symb=CCTC&table=stoch&mode=table
TREND ALERT: Downward Sloping Trading Channel
http://www.stockta.com/cgi-bin/analysis.pl?symb=cctc&table=trend&mode=table
http://barchart.com/chart.php?sym=CCTC&style=technical&p=D&d=L&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=SMACD%2812%2C26%2C9%2C16737792%2C10053375%2C13421721%29&chartindicator_1_code=SMACD&chartindicator_1_param_0=12&chartindicator_1_param_1=26&chartindicator_1_param_2=9&chartindicator_1_param_3=16737792&chartindicator_1_param_4=10053375&chartindicator_1_param_5=13421721&addindicator=&submitted=1&fpage=&txtDate=&x=52&y=7
MONEY FLOW INDEX- "Positive Divergence"!!!
*From early February to mid-February, Price moving down, while Money Flow moving UP! Result: Strong Impulse move UP!
*From early May to mid-May, Price moving down, while Money Flow is moving UP!
http://barchart.com/chart.php?sym=CCTC&style=technical&p=DO&d=O&sd=&ed=&size=M&log=0&t=BAR&v=1&g=1&evnt=1&late=1&o1=&o2=&o3=&indicators=MFI%2814%2C255%2C100%2C39168%2C16711680%29&chartindicator_1_code=MFI&chartindicator_1_param_0=14&chartindicator_1_param_1=255&chartindicator_1_param_2=100&chartindicator_1_param_3=39168&chartindicator_1_param_4=16711680&addindicator=&submitted=1&fpage=&txtDate=&x=33&y=11
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