only for chart believers..others pls ignore, page-31

Hi trader_10,

In reply to your questions, here are my views.

1. A short term cycle up has just started, and will exists over a few days ( emphasis - a SHORT swing ).

2. this short swing does NOT negates the underlying support level of 0.0977 which forms the very strong support for the overall swing of the stock which has been in place since January of this year. It is NOT a must that it has to fall to 0.0977, but can fall to that level.

3. this current short term cycle up is NOT the explosive move we are expecting- only when the 45 week fourier transform trendline cuts the zero degrees horizontal line will we have a sustained period of uptrend over a few weeks.The 45 weekly periods chart posted does show we are quite close to it..but not yet.

As to provide some "charting evidence" on the level of 0.0977, I'm invoking the name of WD Gann who has taught that prices of a stock will want to run betwewen 0/8 to 8/8 where 0/8 is the oversold area and 8/8 is the overbought area.

You can see that for the length of this year 2008, the price of CVI had wanted to move between these ranges as shown in the chart attached.

Our current swing may take us back up to 2/8 which is around 0.146 ie 0.145 cents- this is my guess only - whether it is going to fall back to 0/8 or not...we'll only get to know for sure as we get closer to the event..but as it is that 0/8 level support is still there - at 0.0977 cents. It is NOT a must to fall to 0.0977, but it has done so in the past.

On the upside, you can see 8/8 is pegged at 0.293 cents.There are of course some resistance in between at 2/8, 4/8, 6/8 levels as well.

Here is the chart to see the levels: