Diversified Oil and Gas Holdings (DVFI)

[Imperial Whazoo]

Volume today was the lowest since the doji day of 4/24/6 which was 728K vs. 773K today. It is noteworthy that today's low volume day was a day were price tested an intraday low of .0185 but closed above that at .0195. Of note on the last April low volume day, that day was an indecision day (a doji). The share price retreated in a last ripple (not really a wave, more like a ripple in a very narrow range) that retraced on volume that was also extremely light to an intraday low of 5/1/6 of .016. From there, the climb to the recent high of .07 took only 20 trading days and the net % gain if bought at .016 and sold at .07 was 337.5%.

Today, it can be truly said we saw the sellers dry up. As with the 4/24 to 5/1 ripple, there is a good chance of a little more choppy declining. However, unless volume picks up, it can not be argued that there are a lot of people bailing out of BIGN. Unless somebody decides to dump at a loss or unless some shares materialize from out of the limbo of having been restricted, the chart is telling us that the bottom is either in or pretty darn close to being in.

So, the ripples may still appear. There may be some further settling to .016 or thereabouts. Unless there is a significant uptick in downside volume, the chart is setting up for another run for another 100% plus gain. The amplitude of this upmove will be determined by two things:
--- the news itself
--- the timing the news

If there had been any sellers at the lows today, there probably would have been buyers today. I am personally dug in with my ear to the ground, eyes on the horizon. My guess is that this typifies most everyone.

So, the chart looks to me as though the next move will be an up move.

I still think that the people in management at Hydroslotter, Tyche, WWNG, & BIGN are ethically challenged (to say the least), but maybe they will pull off something memorable anyway. And maybe I'm wrong about them. Maybe they are just crazy like a fox. Anyway, the good thing is that the chart is not signalling a disaster. One could still happen because the variable in technical analysis is the interpreter. So, if anyone thinks I'm wrong in my analysis, please, feel free to point out the flaws. I've got a chunk of change resting on this so enlighten me if I'm looking at it wrongly.

Imperial Whazoo