NewStream Energy Technologies Group Inc (NSGP): This chart clearly shows a "five wave pa...

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Re: Matt_Chart post# 25095

Saturday, 08/07/2010 9:48:01 PM

Saturday, August 07, 2010 9:48:01 PM

This chart clearly shows a "five wave pattern" ( Elliott Wave )

and I expect that the stock will reverse in the A,B,C correction
pattern starting Monday morning.

Three resistance levels were penetrated on the move up Friday
1st was 0.055c
2nd was 0.062c
3rd was 0.0689c
http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=1&dy=0&id=p28756711648

On the way down, the stock will test each of these price levels.
1st to be tested will be 0.0689c. If that doesn't hold, then 0.062c will be tested. If that doesn't hold, then 0.055c will be tested. If that doesn't hold, then it's going back down to the .04's again.

http://realtime.bigcharts.com/chart.asp?symb=CCTC&time=5dy&freq=15mi&compidx=aaaaa~0&lf=268435456&ma=0&uf=0&lf2=0&lf3=0&type=4&style=330&size=3&mocktick=1&35736

http://www.babypips.com/images/elliott-wave/5%20wave%20color.gif

http://www.optionsoutlet.com/trading_technicals/images/improv32.gif