Gulf Coast Oil & Gas (fka GCOG)

[abbytraderwin]

Just reading the charts as it happens. The ADX(1) bottomed at 10:12 am this morning at .0035 and closing at .0034 with no sells since 15.41 pm is not bad. Some smart folks are reading the charts and got their shares today. When the green DI+ line starts to come off of the 0.00 bottom the pps will rise again. See the chart on 5/8. That is the first day after the last 0.00 closing when the Green DI+ line came off of the bottom. When the Red DI- line closes at 0.00, which it did today as expected, the following day is usually a Green DI+ move off of the bottom. This will raise the Black trendline off of the 0.00 bottom as well and the pps goes up. The thing I like best about this stock today is the drying up of sell volume and the fact that yesterday's LOD held at .0033. If that is confirmed tomorrow, the next move should be back up to .0055 and .0062. Only an 8% dip today as well which is smaller than the previous negative %. That indicates a lack of willingness for folks to sell so as the daily volume decreases and the daily decline % decreases bottoms are formed. I like bottoms.