Yes, it is based on EW Theory http://stockcharts.com/help/doku.php?id=chart_school:market_analysis:elliott_wave_theory http://caldaro.wordpress.com/ OCFN 0.042 http://stockcharts.com/h-sc/ui?s=OCFN&p=D&yr=0&mn=5&dy=10&id=p51423400246 http://stockcharts.com/c-sc/sc?s=OCFN&p=D&yr=0&mn=5&dy=10&i=p51423400246&r=1382106767441