Global Developments Inc (GDVM)

[d0lphint0m]

https://stockcharts.com/h-sc/ui?s=GDVM&p=M&yr=4&mn=3&dy=10&id=p86339660684&a=1404420838&listNum=1

Previous two corrections were 80% and 70%. We have now pulled back 70% from the .13 high. 80% would bring us back to .028.
The monthly MACD has not crossed down as yet but the PPO and PMO have. There is not much that a TA guy can hang his hat on now that the 200 day sma has broken and if the .0366 is broken it will create a lower high and lower low scenario. Therefore I think TA followers are cutting losses rather than one guy.
I am still looking at the uptrend line and the "time in the barrel" on this correction and banking on that holding, but I believe it will still be a few more months of patience before this turns if my scenario is correct. I would love to be wrong on the timing though.