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Wednesday, 12/19/2012 10:40:09 AM

Wednesday, December 19, 2012 10:40:09 AM

Post# of 33394
Update.. A short-term higher-high has been reached (currently at .0029). - - The first higher-low (since Fri, Dec 14th) can now be defined at .0017. . If .0034 gets taken down, this will target .005 (still a good return)!

** BUY NOW ** Cheap here right around .003!!

From last night (below):

A technical perspective on CIRC - the trend: Whether it's a one-day, one-week, or one-month formation, a stock's pps has to satisfy certain pullbacks in order to reveal its true trend. Given the last few days, CIRC is in an upward trend. It's all about higher-highs and higher lows. For CIRC, it reached a high of .0023 on Fri the 14th (11:30am) - a couple hrs later, it peaked at .0025.. CIRC consolidated all day Monday, & topped out today at .0027 (ironically at the same exact time the first high was put in). Although it's only been 3 days, we can discern a (very) short-term upward trend. Satisfying 3 technical points (.0023, .0025, & .0027) is considered 'sufficient' to achieve this end. All the while, a lower-low has not been observed. At its reversal point (at Friday's opening), it traded at .0011. The next obvious low was put in today at .0018. This was done around the close on what I would call a volume 'wash-out'. Meaning all day long, CIRC was strong but silent. In the last half-hour, the ask grew to as high as 8.5 million (on L2s) - with corresponding bid sizes at 100K or less. Prices flew around and the range expanded. A graph would 'pick this up'.. & from that, we find CIRC's 'higher-low.' Because CIRC closed at this point, we must continue to monitor tomorrow's activity (especially at the open). Further deterioration might signal a red flag. A rebound will confirm its first 'higher-low' since Friday's session.

The trend is your friend. But it's not everything. Be aware that this represents a mere 3 days of activity. Consider other factors like volume, news, & especially how this '3 days' fits into its intermediate and long-term trend(s).

Use the trend to your advantage. If you're a flipper or short-term minded, consider the costs and benefits if a high or low point is violated. For CIRC, if we can get past .0027, then the trend will remain in tact. It'll then test the original high (near term) of .0034.. After that, things could get interesting.

This one is still under the radar in my book.. Last few days, it's been creeping into IHUB's Top Ten late in the afternoon.. Still more eyes to jump in on this one. The PR helped too. Think about the potential. In the end, I think you hold on to this one. Keep an eye on that trend however. Remember, it's your friend!

Pick your points & GLTA !
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