Trade the Cycles

Saturday, August 04, 2007

MTTG.OB Is A Beneficiary Of The Minnesota Bridge Collapse

See http://stockcharts.com/charts/gallery.html?mttg and see http://biz.yahoo.com/bw/070803/20070803005610.html?.v=1. MTTG.OB hit a major 5% follow through buy signal last week (it's doing a very strong short term Wave 1 upcycle on strong volume), which indicates that MTTG.OB very likely put in a Cyclical Bear Market cycle low at 0.41 early this year. I'll look to buy MTTG.OB in a short term Wave 2 downcycle, after it (probably) does an Elliott Wave down up down pattern on the daily chart.

Interestingly, there was some big insider buying before the Minnesota bridge collapse, see http://finance.yahoo.com/q/it?s=MTTG.OB, and, there are five major direct holders of the stock, see http://finance.yahoo.com/q/mh?s=MTTG.OB. ....... http://www.JoeFRocks.com/ .