Posted On: 12/27/2012 9:21:15 AM
Post# of 72448
TOB's Latest: Thanks, TOB!
CTIX Daily Chart - Santa Claus Rally Continues
What can I say about a chart like this? It's a parabolic rally that defies all conventional analysis or projections.
This isn't sub-penny momentum, we're at $2.42 today!
Could it pull back? Sure.
Could it coil sideways? Sure.
Could it continue? Sure.
But trying to call a top is a fools game with no sign of weakness and no price action to give an indication. Indicators like RSI and Williams %R have given a false sell signal since $1.03. (Notice I don't use them)
On the intra-day chart we saw some pause at $2.44, but closed right at the tip at $2.42. No pause on this daily chart.
IMO the smart money is long CTIX and holding strong.
Highest volume in CTIX history. New highest ever CTIX high and closing price. Bar closing near the tip. Gosh.
Note the new near vertical red trend line.
For the forlorn waiting for a CTIX pull-back, best of luck.
I'm holding my shares and I'm sure not willing to be out of the market with all the potential catalysts and PRs.
This price action has no precedent in CTIX history so no price projections are possible.
Blue Sky Above!
CTIX Daily Chart - Santa Claus Rally Continues
What can I say about a chart like this? It's a parabolic rally that defies all conventional analysis or projections.
This isn't sub-penny momentum, we're at $2.42 today!
Could it pull back? Sure.
Could it coil sideways? Sure.
Could it continue? Sure.
But trying to call a top is a fools game with no sign of weakness and no price action to give an indication. Indicators like RSI and Williams %R have given a false sell signal since $1.03. (Notice I don't use them)
On the intra-day chart we saw some pause at $2.44, but closed right at the tip at $2.42. No pause on this daily chart.
IMO the smart money is long CTIX and holding strong.
Highest volume in CTIX history. New highest ever CTIX high and closing price. Bar closing near the tip. Gosh.
Note the new near vertical red trend line.
For the forlorn waiting for a CTIX pull-back, best of luck.
I'm holding my shares and I'm sure not willing to be out of the market with all the potential catalysts and PRs.
This price action has no precedent in CTIX history so no price projections are possible.
Blue Sky Above!
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