Replies to post #18680 on Diversified Oil and Gas Holdings (DVFI)

[Razorbucks]

Imperial -- Candlesticks..

>(A BAWC day would have have both big volume and would have closed on the lows). <

Actually that would have been a BARC or a BABC -- Big White candlesticks close toward the upper range of the trading period, not lower. If it opens low and closes high, that's a white candlestick. If a stock opens in the middle to high and closes low, that's a red or black candle.

I find candlesticks fascinating. Hammers, Inverted Hammers, Hanging Man all are neat to watch but need confirmation.

I love to see morning and evening stars on weekly and daily patterns. They are the easiest to recognize to me. I also love chart patterns -- Double tops, bottoms, H-S, Breakaway gaps, run-a-way gaps, etc.. Gotta love Fibonacci, Elliot, Stochastics, RSI, and NEVER forget the all knowing MAs and MACD too.

I'm going back to trading on pure technicals. Fundamentals are nice and can tell you the future potential, but TA will key you in on when. Focusing on fundies has done nothing but cause me pain. TA keyed me in on the one cent level just a few days ago.

[Apophis]

We will also have the usual
tax selling starting next month when every sheds the dogs for a tax loss for 2006. This will start in a few weeks and may take us down lower if the news does not come by then.