Diversified Oil and Gas Holdings (DVFI)

[Imperial Whazoo]

Well, for one thing, after I read that post about the CMF indicator, I went to my AIQ & jacked around with it and came up with confirmation of what that post said.

Since AIQ is not a web browser product, I don't know how to cut-n-paste the BMP of the charts I have on screen. As a matter of fact, I just gave up trying to post it because it appears to be too involved and I have to get ready to trade tomorrow. If I have time tonight, I can return to it and figure out how to post a BMP chart that confirms what that CMF post said.

One thing I'll do right now is try to describe it verbally... a picture is worth a thousand words, I know, but I'm late getting ready for tomorrow.

On 8/15, there was what I call a BABC (Big Ass Black Candle) which was a down day. The next day, there was a bullish engulfing that was quite pronounced. I threw the AcmDis & the MnyFlw indicators up after reading the post about the CMF and I was quite impressed by how clear the divergence was. Since that day and its bullish engulfing, there is a distinct up angle to both AcmDis & MnyFlw while the price chart itself has been in a decline. There is an obvious divergence. So, that was what impressed me enough to confirm what that post said: there appears to be accumulation going on all throughout this timeframe. Thats what my charts appear to depict. Now, generally, when you have a divergence as pronounced as this one, it reaches a point where it breaks the divergence. Price can thus turn and go up or the AcmDis & CMF & MnyFlw can break their trends and turn down. Anyway, divergences are always temporary. Something has to give, and as its been in place a while now, it becomes statistically more likely to happen as each day passes with the divergence in place.

Now, which is it going to be? If the chart is to be believed, the bottom was 10/18, since which time it has been consolidating, the decline having stopped. So, in that it appears that good news is soon to be upon us and given the continued flow in but not out and given the turn from declining to consolidating, I tend to agree that there is a pretty good chance the worst is over. But, bear in mind, this is pinkieland and in pinkieland... well, its just a high risk kind of place. Make your own mind up. I've made today's analysis for myself, and its as stated above. I'll watch it each day and reevaluate on an ongoing basis. My eye will be on volume, but you decide what you think for yourself.

So, thats the best I can do to explain my reasoning, such as it is. Just my opinion.... just trying to let the chart tell its story.

GLTY

Imperial Whazoo