NewStream Energy Technologies Group Inc (NSGP)

[trader53]

Technical Update, for Wednesday, May 19th.

CCTC may have reached bottom on Friday May 14th, 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=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%3BSSTO%2814%2C3%2C16763904%2C6724095%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&chartindicator_2_code=SSTO&chartindicator_2_param_0=14&chartindicator_2_param_1=3&chartindicator_2_param_2=16763904&chartindicator_2_param_3=6724095&addindicator=&submitted=1&fpage=&txtDate=&x=46&y=8

MONEY FLOW INDEX- "Positive Divergence"!!!
Example of what "Positive Divergence" looks like:

http://www.stock-charts-made-easy.com/images/RSI_Bullish_20041025_HB.png

*From January 21 to February 10, the "Price Trend" was moving down, while the "Money Flow Index" was moving UP!
Result: Strong Impulse move UP! 0.034c to 0.42c

*From April 29 to May 14, the "Price Trend was moving down, while the "Money Flow Index" is moving UP!
Result: A potential Strong price reversal to the UPSIDE !

Note that both the Stochastic reading and Money Flow Index lines, are positioning themselves in a manner similar to where they were, just before the February 17th "Impulse Move" UP.

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p07354699796


Wed., Thurs., and Friday are "KEY" days this week !!!!

SECRETARIAL CHINA CLEAN ENERGY BUSINESS DEVELOPMENT MISSION
MAY 16-21, 2010
MISSION DESCRIPTION:

U.S. Secretary of Commerce Gary Locke will lead a senior-level U.S. business development mission to China May 15-21, 2010 to promote U.S. exports in a broad range of leading U.S. technologies related to the following sectors: clean energy,

http://trade.gov/cleanenergymission/tg_main_002496.asp