Box Ships Inc (TEUFF)

[RockyTen]

Thank you for the compliments on my posts. I appreciate many as other's as well. My thinking is that yesterday and today we had candle pattern action that is normally considered VERY negative, namely an up day closing at or near the bottom looking like a black candle. This normally indicates heavy selling. If we have two in a row you better watch out. BUT WAIT! Where is all the selling volume? Looks to me that we are witnessing buying at the dips and selling a little at the tops. This is VERY healthy. So these black candles may actually be part of a continued bottom forming.

Of course there may be a serious serious downside to the candle formation. That is, smart money is shorting it causing a quick intraday bump up and then the little rally petering out fast. (why do we use the word "petering"? lol. Does this have anything to do with someone elses anatomy?) Back to the point at hand. We do not have a close at the top of the days trading since the 14th of NOV. This my friends may be a problem. I am hoping I am wrong. Generally, to use technical analysis on a daily basis on OTC stocks is a crock. I am buying dips.