Hi Wolf,
Boy, I have not seen TA discussed on this board in a long long time. In fact, I don't think I have ever gone this long without taking a look that the DMX chart. I pulled it up today for the first time in about a month.
Wow, talk about triangles. Connect the November low to the December high, to today's price, and we are still in the pattern. On the daily chart, another very pronounced triangle, or flag pattern, is evident since the low of late June. The flag is certainly approaching an apex both on the weekly and daily chart, and indicates a move very soon. The only negative I see is that the flag on the daily chart would point to a continuation of a down trend.
Notice though that on the 6 month, the MACD has been steadily marching up toward the O line. Also notice the Accum/Dist and CMF lines have been heading up for the past 2 months.
I see what you mean about the ADX. It's clearly out of room.
If nothing else, I think the chart is screaming for a big move one way or the other. Could be exciting times in the very near future, either way you are playing this stock.
joe
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