Even at these levels, the Elder bar is still blue
Post# of 1023
Posted On: 03/28/2016 11:45:27 AM
Even at these levels, the Elder bar is still blue and not red meaning although this 'horribly low red day' may appear to be 'awful', the bears still are not in control. And even if we close red all the way down to .001, it wouldn't change my opinion on this company because March 16th we went down to .0033 and only 5 periods later we almost hit a penny. The interest in this company is undeniable. The technology is undeniable; it exists. Its out there in the field. We're obviously going to have red and green days throughout this entire process. What's important (to me) is the overall trend, and not individual days. Besides, closing red can actually make the MA lines closer to each other, and that's exactly what I want. As of this post, the 50MA and 100MA are only separated by .0005. This thing may actually cross prior to my original guestimate.
As of this post, the ichimoku cloud has done a complete reversal with the green Leading Span A line being on TOP of the cloud. In addition, the cloud is now green. This shows FOUR very important attributes of the current chart.
1. Leading Span A (green line) is above the cloud; showing initial strength
2. The cloud is green; this shows additional strength in the uptrend
3. The PPS is above the cloud showing continued strength in the trend
4. We have support from the cloud. SCIE hasn't had support in an extremely long time, and now we have this support level where the PPS can bounce off of if it dips extremely low.
(5. Have you also noticed the green cloud continues to grow in size?)
Seeing the cloud is shifted 26 days into the future, I find it interesting, the cloud is showing future support around the same time period as the 10K is released.
In all, as a long term investor, I focus months from now, and not whether or not the pretty candle bar closes red or green over the course of one day. This chart shows great strength and once those 3 MA lines shift positions (and I believe they will this year unless news changes), all I can say is 'game on'.
Note
For myself, strictly focusing on one type of chart such as a candle chart is like trying to take an xray of your chest with sunglasses. Sure, you can see your chest, but theres much more information underneath the skin. In the same manner, a candle chart shows you certain types of information, but utilizing other chart types can show you things a candle chart cant. All my opinion. Do your own DD and invest as you see fit. This isn't investment advice. Go call your broker.
As of this post, the ichimoku cloud has done a complete reversal with the green Leading Span A line being on TOP of the cloud. In addition, the cloud is now green. This shows FOUR very important attributes of the current chart.
1. Leading Span A (green line) is above the cloud; showing initial strength
2. The cloud is green; this shows additional strength in the uptrend
3. The PPS is above the cloud showing continued strength in the trend
4. We have support from the cloud. SCIE hasn't had support in an extremely long time, and now we have this support level where the PPS can bounce off of if it dips extremely low.
(5. Have you also noticed the green cloud continues to grow in size?)
Seeing the cloud is shifted 26 days into the future, I find it interesting, the cloud is showing future support around the same time period as the 10K is released.
In all, as a long term investor, I focus months from now, and not whether or not the pretty candle bar closes red or green over the course of one day. This chart shows great strength and once those 3 MA lines shift positions (and I believe they will this year unless news changes), all I can say is 'game on'.
Note
For myself, strictly focusing on one type of chart such as a candle chart is like trying to take an xray of your chest with sunglasses. Sure, you can see your chest, but theres much more information underneath the skin. In the same manner, a candle chart shows you certain types of information, but utilizing other chart types can show you things a candle chart cant. All my opinion. Do your own DD and invest as you see fit. This isn't investment advice. Go call your broker.
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(0)SpectraSCIENCE Inc. (SCIE) Stock Research Links
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http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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