Replies to post #669 on DAYTRADING YAHOO!

[PowerPole]

Hi! 'Kenticus Maximus'...I see this your first post...

Here, so I'd like to say:

...the Board!

re: PDC...Hourly Chart:

Down four dollars in ten days...Ouch!...Not good it broke below Thursday's intraday low Friday and closed almost at the low of the day...This chart pattern suggests more weakness and the Technical Indicators all agree...Money Flow is off and the OBV and Accumulation lines are setting new lows...



CCI is weak...The RSI is at levels so low, it's hard to believe (which usually signal 'Buy' to me but not in this case)...The ADX shows the downtrend strengthening and the DMI's diverge further...Stochastics show Oversold conditions for the last three sessions and will remain so if the decline continues...The MACD continues to downtick, while it's Histogram actually improved a bit...Volume has been high the last two sessions, and the Accumulation/Distribution line pretty much says it all...Heavy selling...

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The Daily Chart:

The lower Bollinger Band sits at around 14.50 so that's the potential downside though the chart pattern suggests a fall to 15.00 might be enough for now...The size of Friday's red candlestick suggest weakness again Monday...Moving Averages and Parabolic SAR are very bearish...Money Flow, OBV, and A/D lines all setting new lows indicating extreme selling pressure...CCI is neutral...



RSI is at 30.2 and falling through a level of support to set new lows in the mid-20's where buying interest should come back in again...The ADX shows the downtrend strengthening, and the DMI's diverge even further...Stochastics have been Oversold for ten sessions...The MACD and it's Histogram are both worsening...High Volume the last two sessions were clearly sellers...


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The Weekly Chart:

A VERY Bad week last week closing only .28 off the weekly low...The size of that red candlestick suggests another down week...The 5SMA is about to cross down through the 15SMA and it closed below the 50SMA which is very bearish...Parabolic SAR is bearish...The lower Bollinger Band sit at around 14.50 so that's the potential downside...



Money Flow, OBV, and A/D lines are all setting new lows...CCI is downticking and may cross down through the lower line...RSI is at 43.4 and may continue down to nearly 30...ADX gave a 'Sell' signal when the DMI- crossed up through the DMI+ a week ago...Fast Stochastics at 3.74 and Slow Stochastics at 22.2 say it's not totally Oversold yet...MACD is looking very bearish...Increasing Volume as the selloff continues is normal, and we're looking for the highest Volume when it bottoms...

To be honest, the 'Sell' signal on the weekly chart was given the week of Jan. 23 with the 'hanging man' candlestick, as was confirmed the next week with the 'shooting star' candlestick...I would have sold just above 21.00 when it broke below the weekly low of 21.06 the week of Jan. 30...

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The Bear is in complete control of this stock at this time...I'm a bit curious what has caused this stock to lose seven dollars in the last four weeks...

I'm not a fan of 'catching falling knives' anymore, as I've been cut too many times trying to do that...I like stocks that are in Uptrends...

You may be 'In', and wondering where is it going to finally bottom, or where might be a good time to enter again...Best guess on that is between 14.00--14.50...

I'll let you know when I think it's finally bottomed and is showing some signs of life again...

Good Luck My Friend, and to ALL ;^))