There are forces beyond which we have no control.
Here is an experiment that I think all of you, including Analyst10 will find interesting.
As some of you know, I like to look at charts. I use a method that is different than most charting methods. Usually, it is correct about 80% of the time. The times that it is wrong is when the stock does the OPPOSITE of what it is supposed to do.
As some of you also know, during the early part of this year, it seemed as though everything I looked at was turning upside down.
Instead of being right 80% of the time, I was wrong 80% of the time.
I was wrong about NPEC, FTEL, VETTA, FAMH...you name it...I was wrong.
DGIV was one of the few on which I was correct.
I didn't know what was happening and so I simply sat quietly and observed. Something happened this year....I don't know what it was..but it was as though the market turned upside down.
Anyway, things seem to be more normal now and my chart watching is once again becoming more accurate. I must stress that never were the charts wrong....they just did the opposite of what I thought they would do. In other words, they reversed.
Recently I have been right about TEXN, DGIV, NBET, PETD, and INFE.
With MTEI I turned out to be correct (in seeing it's fall) but incorrect as to the timing of the fall. I thought it would fall a week earlier than it did.
Why am I telling you this? Because.....so far....DGIV has done EXACTLY what the charts have said it would do. It has fallen. When I first saw that fall coming, I thought that surely it would reverse, because that was when Jimmy Chin had first returned from his trip and we thought that the 10SB would be filed...and that contract announcements would be made.
BUT, the charts turned out to be correct. NOW it is a time of great importance with the charts. For they are saying in no uncertain terms that DGIV is getting ready to go up.
But as with all stocks, one must always be alert to the possibility of a reverse, and watch DGIV go down instead.
So, I will tell you what I will be looking for over the next few days.
For tomorrow, I'm looking for the stock price to stay in about the same range that it was on Thursday and Friday.
But sometime between Tues, June 23 through Friday, June 26th, I am DEFINITELY looking for an increase in price. That is what SHOULD happen. If it does, then July should be GREAT. It doesn't have to be a large increase, but there should be some type of increase.
If a price increase does not happen, then that would be a signal that a reverse may be beginning to form.
Anyway.....just thought I'd share with you what I am going to be looking for....and you might find it interesting to look with me.
Juanita |
