MATRIX Penny Stocks

[da_cyberdude]

Omni, concerning SEVU

I've been getting into 'point & figure' charting to help me determine the change in trends. I am still rather new at it, but has helped me as of late. (for example APOA's recent run to .056 - my P & F indicated that .058 was needed to confirm the up trend or retrace (retrace it did.).

On SEVU, 7 straight days in the down column to .355 (my guess was the bottom) acompanied with what appears to be a 'falling wedge'(?) (bullish and a guess on my part) What I don't like is that SEVU's last down column extended 3 boxes below the previous 'up' column.... which is telling me that when it finishes the current 'up' column it will retrace within the range of the last down column. My up target would be .445. I extend 3 boxes when breaking penny fractions to be more conservative. My stategy would be 1) see if can reach .44 -.445 2) let it come back a few pennys (close to .40) and then buy like heck! BTW, thanks for the welcome guys. Just my thoughts.

Chris
PS/ Don't laugh too hard guys, I'm still a relative rookie.