AI
Saturday, January 19, 2008 2:24:53 PM
** DPDW Annotated Chart update:
DPDW remains in a strong downward channel, as I mentioned about a month ago. It broke a key support of MA50 on the weekly (0.82) and is probably heading for the next strong support at 0.60, where it may stabilize.
While the board "experts" will remain in denial and throw excuses and attacks at this post, the truth is that no one seems to be loading up at these "bargain prices" yet.
Maybe it's the brutality of the market, and the fact that most are still up from loading up 8-12 months before. But right now, the technicals are weak, and I'm sure fundamental players are scratching their heads.
If it stabilizes at 0.60 for a month or so, it has a chance to rebound, but it will take time.
DPDW remains in a strong downward channel, as I mentioned about a month ago. It broke a key support of MA50 on the weekly (0.82) and is probably heading for the next strong support at 0.60, where it may stabilize.
While the board "experts" will remain in denial and throw excuses and attacks at this post, the truth is that no one seems to be loading up at these "bargain prices" yet.
Maybe it's the brutality of the market, and the fact that most are still up from loading up 8-12 months before. But right now, the technicals are weak, and I'm sure fundamental players are scratching their heads.
If it stabilizes at 0.60 for a month or so, it has a chance to rebound, but it will take time.
Penny_TA's Technical Plays:
http://www.investorshub.com/boards/board.asp?board_id=7244
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Reverse Mergers:
http://www.investorshub.com/boards/board.asp?board_id=7308
