Digital Power Corp (DPW)

[Imperial Whazoo]

I use a charting package that measures the weight of volume via several proprietary indicators. So, look at DPW at exactly 1:35 PM central time. At that exact minute, there was a huge buy.... 509.1K shares.

I try to watch a list of stocks, just like you apparently do, and I try to let two things govern timing the trade: where volume shows up in the overall chart and how large that volume is. I treat the candles as a microscope that I can change the magnification on by changing the periodocity. 1 minute or 5 minute or 10 minute and so on.... every stock needs to be calibrated to adjust its "display" to the periodocity appropriate for it. I've worked on this for many years & I use it all the time now.

I can point to a couple of other crypto related stocks (but I'll resist the temptation due to this being the DPW board), but these also had a volume event that kicked in today (or yesterday) and in every case, there was a rebound in price that followed.

Sometimes it takes a day or two, but I've been doing this a long, long time, and I can tell you that timing a trade is far better done if you teach yourself to wait for the important volume events to happen.

And as to DPW specifically: it surprised me that the effect of that big buy at 1:35 PM did not cascade thru to the end of the day. I'm very confident that, one month from now, I'll be able to look back at that moment and I will be in the green bigtime due to timing the trade.

Can not say when I'll sell, because, to be consistent, I need to watch volume to have it tell me when to take profits. If I have the patience to let the volume events tell me when to trade, I come out far better than using any other indicators to time entries and exits. Simple as that.

BTW.... your analysis of the impact of crypto on DPW is spot on, as is your call on the bounce in bitcoin prices.

Very excellent.

Imperial Whazoo

EDITED: one other comment. If a huge volume event fails to reverse a decline, or if its at the top of a wave and it does not send the price down in pretty short order, I have learned that this means that there is some rather serious intent behind the failure to generate a move. So, I think that the failure to turn the tide very much on DPW today means that there is a lot of force that is attempting to smash DPW's price down.

Also, look left at the doji at 12/1/17 which reached a low of 1.60 that day. Today, my charting package shows the close at 1.61 which, from a charting point of view, means that it failed to punch out to a lower low. So, if that means anything, it means that it refused to go down to a new, lower low. An important technical event, IMHO.