Dewmar International BMC Inc (DEWM)

[doebop]

** $DEWM Anti-Video Chart ** OUTSIDE DA BOX THINKING 101...

NOTICE, no FREE BOOKS or SPAM offered for sell at the end...


So... if you're new to charting... yes, 30 minute timeframe is just that.. and it just 1 of many timeframes,
1 minute, 2 minute, 5, 10 ,15, 30, 60, 120, 240, daily, weekly, monthly etc.

NO Way in the world that one should be taught to use just one... and if you choose 1, don't choose the 30 min or any intra-day charts..

unless you're day-trading, daily is best for you, 2nd best is 60min..

only looking at this 30min garbage will cause you to lose your shares..

this 50 (30min) candle moving average garbage is perfect for MMs to manipulate selling right into...


example--- you sell the 30 min chart.. but you wouldn't sell the 60 min or the daily..

Daily chart --->

Support: 1 & 2 in tact.
1st: Green Line - 20 day moving average
2nd: Blue Line - 50 day moving average





60min Chart
Support: 1 & 2 in tact.
1st: Blue Line - 50 hour moving average
2nd: Red Line - 200 hour moving average
notice that selling a 50SMA cross here would sure have caused some folks to get left out via manipulation by MMS.




not to over complicate things, but if one looks at a Fibonacci extension, you'll see the price bounced directly off of the Fibonacci support from the last moves extension...