Replies to post #19831 on NewStream Energy Technologies Group Inc (NSGP)

[trader53]

daytrader2004, you're right,

we do need NEWS.

NEWS will be coming shortly, because that's what happens when supports are taken out....NEWS gets released.

There are smart traders out there who guide the stock down "into" the NEWS event. And there are smart traders and MM's that know how to read charts to look for these turning points.

BTW, the stock has entered an "Up-Cycle" phase.

"Down-cycles", follow "up-cycles" and visa-versa.
CCTC has been in a "down-cycle for 8-1/2 weeks, from 0.185c down to yesterdays low of 0.072c, a retracement of 0.1147c, and that's a decline of 62%, a Fibonacci number.


http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p57545671817