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Tag: Support

  • $CTRL Bounce & Break Out Catalysts

    $CTRL Bounce & Break Out Catalysts

    CTRL Stock Chart Analyzing with Break Outs and FibonacciOn 2/6/14 I traded CTRL on a Timothy Sykes trade alert! I personally do not know what news is behind this stock… All I saw was the patterns, specially the support and resistance levels. I was waiting until it broke $21.51 at which is the second red bar resistance level back from 2/6. Right once it punched through it surged within a 5 minute period almost to $23. I believe I played this pretty damn well specially with only a 250 share position!

    Now I didn’t play this like a pro or anything, because I wouldn’t know! I don’t take full credit at all at noticing this pattern, but out of all the plays that T.S sent out I couldn’t keep my eyes off this one and fully put my attention to it. Why? Because of the many multiple break outs that could and did happen. The first breakout when the bounce began was a Fibonacci retracement breakout at $21.00, but on top of that it was a break out into a round number and a powerful one at that, it was also support and resistance a few times in the past and had a break out through it before! So with the bounce, the retracement breakout, the former support and the large volume… I don’t think it could have gotten really any better!

    CTRL Stock Chart with Fibonacci Retracement PercentagesAlthough I’m just now learning more about how Fibonacci works on charting, I’ve known about the mathematical formula for many many years now and notice it every where! So it’s absolutely amazing seeing this unveil itself in front of me whilst I played it!

    CTRL Stock GraphHere you can see a zoomed in picture of several break out and resistant levels! I got in at $21.51 which is that first arrow mark on the left! When I saw it break out I had a feeling it wouldn’t spike any further then second yellow line up and if it did it most likely wouldn’t break that %50 Fibonacci retracement line! So I got out immediately once I saw it surge into the twos and by the time I did it was $22.50!

    The more I review technical analyzing and merging them with other forms of “break out” and “break down” data the more I see that when all these merge onto themselves a self fulfilling prophecy occurs… But what I find amazing about the Fibonacci sequence in stock trading is what the late great W.D Gann said about it while researching it!  I’ve not come to noticing the findings of W.D Gann myself (totally) just yet… but what I do know is there is a very interesting curve to reality… something that has provoked mystery schools and religion through out the age of man.

    I believe it can go as far as alignment of the planets in our solar system which also influence this vibrational frequency, I also believe that every living thing on the face of the Earth reacts to this vibrational frequency helping to fulfill a matter of this frequency that we as humans will never fully understand. I could bring up the beliefs of those that believe in free will and divine intervention in all things… What Mr. Gann found was that even through the manipulation of stocks these patterns and the Laws of Vibration still finds itself inside these patterns… So if stocks can be manipulated, and still resonant with these vibrational frequency (Fibonacci Sequence) then we can say for certain and zoom out to the bigger picture and notice that even economic crashes can be predicted and they could come no matter what is actually happening… the happening, is just a solution to resolve back into harmony of the frequency!

    So when it comes down to it…. does Fundamentals or news or sec filings really matter….? Absolutely! From the point of a frequency such as this… the frequency is being harmonized by those who participate in purchasing or selling the stock because of SEC filings and Fundamentals and news (even pump n dumps)…. But for those who can see past this… Well you could possibly have an edge using the predictable movements to play the stock off just that… the predictable harmonizing influences and vibration of the market being created!

    Of course right now… I wouldn’t risk it like Mr. Gann would on some stocks… but I can see possibly how this could work… and still might for myself (maybe even you?)! From Gann’s perspective for example pump n dumps have their patterns to play out as well… my big question is still… how can one really understand this like he did? Well I guess that’s why I’m researching him… to find out! But I thought I’d post some of his writings that he did in a periodical and you can read with your own eyes… these words from Mr. Gann himself.

    I soon began to note the periodical recurrence of the rise and fall in stocks and commodities. This led me to conclude that natural law was the basis of market movements. I then decided to devote ten years of my life to the study of natural law as applicable to the speculative markets and to devote my best energies toward making speculation a profitable profession.

    After exhaustive researches and investigations of the known sciences, I discovered that the Law of Vibration enabled me to accurately determine the exact points to which stocks or commodities should rise and fall within a given time. The working out of this law determines the cause and predicts the effect long before the Street is aware either. Most speculators can testify to the fact that it is looking at the effect and ignoring the cause that has produced their losses ………

    In order to test out the efficiency of my idea I have not only put in years of labor in the regular way, but I spent nine months working night and day in the Astor Library of New York and in the British Museum of London, going over the records of stock transactions as far back as 1820.

    I have incidentally examined the manipulations of Jay Gould, Daniel Drew, Commodore Vanderbilt, and all the other important Wall Street manipulators from that time to the present day.

    I have examined every quotation of Union Pacific prior to and from the time of E. H. Harriman’s securing control, and can say that of all the manipulations in the history of Wall Street, Mr. Harriman’s was the most masterly. The figures show that, whether unconsciously or not, Mr. Harriman worked strictly in accordance with natural law.”
    – W.D Gann

    So to end it, I guess I’m going to be expanding my break outs farther past just what Tim teaches… after looking at many different graphs that he has played they all showed up the same… they have resistant lines and support lines from the Fibonacci retracement lines… they seem to fill the middle of what Tim teaches when looking for these types of things! I believe that Tim has just internalize his patterns and can feel the movement… For someone like me, additional indicators is absolutely a blessing to help me “feel” my way in the dark for now!

    -Griffith Hawk

  • $MONK Surges with Zero Cash and No Employees

    $MONK Surges with Zero Cash and No Employees

    MONK 1 Month Chart Pattern
    So here we have $MONK, I was texted this pump as well had several e-mails blast out. From what I caught it started around the 30th of last month and has a lot of individual websites pushing for a this gold play. I took a look at the graph and I believe on Thursday, I saw the rise in volume and the slow push upwards over the last day or so from the promotion. But the reason I really want to look into this is because it’s riding up to a 6 month high break out, so I wanted to see if there was anything that could push it past it’s high and breakout to and former resistance level.

    (Be sure to scroll to the way bottom to see how this stock played out over the next couple days after this investigative report!)

    What I found when digging was that this company has absolutely no cash as well and prolly more important, it’s doing a financing by creating some 6mil new restricted shares… I think I might have seen in the SEC filings perhaps they we’re pumping out 10/30mil in common shares as well… It’s super early (late) for me so I’m mostly doing the run down here for my own education and to quote unquote paper trade a possible break out – because after this I’m going to sleep… I’m periodically like a freakn vampire and it takes awhile to sleep out a normal schedule! (yeah shit happens)

    I would say if it would be worth the risk to short a stock so low it would most likely find itself on that side of the chopping block. I’m not a pro at all when it comes ($MONK) to understanding SEC filings, but I saw that two directors had purchased a large sum of stock for $30,000 to keep the company afloat! But the further I went on, they are basically stating, they have a super part time director / CEO type running the gig at around 30 some hours a month. They have limited equipment if not none, no employees and very little to run off at all.

    I believe their biggest hit they try to play is buying some mining land for $5,000 in which they do not have enough money even to explore the possibilities of what might be there! Thusly is why I believe they are going for this financing! So over all, in my most likely incomplete and total noob opinion, this could hit and rocket over the current resistance level of .125 but I believe it will not be long lived and will most likely find itself hitting back down towards its lows if not the very day this happens, very soon after!

    Also I guess this couldn’t matter maybe it does, they said they around 4,500 tons or raw ore that they are sitting on.. of course, they can’t use this ore because they are also in the market for a processing plant to even go through it. They said they “estimate” that they will receive 1 gram of gold and 30 grams of silver per ton, that comes out to something like 135,000 grams of silver and 4,500 grams of gold that they “could” have! This comes out to something like $97,000 in silver ore and only $200,000 in gold… So they are sitting on a “possible” $300,000 in raw material… IF.. they can get the financing to work out in their favor and to be able to obtain a processing plant!

    MONK Stock 6 Month Graph PatternWith all that said, maybe it could find it’s way bumping up against .20 cents mostly from the promo but I don’t think this could last very long being they have zero cash to continue this run up of promo e-mails, they will now have to depend on the individual promoters to push this stock on their own!

    I would be truly surprised to see it rocket over that with such poor charts and explanations in their SEC filings. They even claim to basically say this financing prolly might not work and this business might be doomed to fail because they can’t keep up with their operating expenses.

    So I’d say for a paper trade I’ll place some cash on a possible morning gap up but I think it will be ultimately slapped down. So we got a classic diluted orange juice and a slap down the midget play here. If you don’t know what I’m talking about you can check out Timothy Sykes DVDs and his Silver Stocking Newsletter. Guess it should be fun to see where this plays. Remember this really is one of my first investigative reports I’ve done through SEC filings and watching possible break outs while using e-mail promos and news reports. I wouldn’t be ashamed to say that this could do the complete opposite! But that’s okay, I’ll learn from my failure to recognize patterns and information, thusly, learning the pattern and how to better read the information!
    -Griffith Hawk

    PS: So in the end of all this what do I think about this stock and company as a whole! I’ll take the quote from Mr. Horse from Ren + Stimpy … “No Sir I don’t like it!”.

    Play out of stock ticker MONK and my prediction