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Non-Tech : Dippy Foods Inc. (DPPI) -- Ignore unavailable to you. Want to Upgrade?


To: Aduke who wrote (62)3/11/2000 6:42:00 AM
From: ChrisJP  Read Replies (1) | Respond to of 275
 
Well Aduke, aren't those charts amazing ? How could they tell ?

The chart says that DPPI has been in a downtrend since it peaked the 1st week of Feb. The chart says we have 1 maybe 2 more weeks of down or basing. I think 7/16 - 15/32 (maybe even 13/32 !) is possible.

I've also noticed from charts I've looked at that many stocks roll from high to low in about 6 weeks. Then they go up for 6 weeks. There might be more traders/MMs using the 50-day moving average indicator to accumulate and then sell (or short) than I would have guessed. SYCD seems to fit this pattern.

Here is the DPPI chart:

siliconinvestor.com

BTW, although the chart still looks weak, WLGS may have confirmed a double bottom in the 4 1/2 area. Another weak but near bottom chart is EVIS. It's been drizzling down for 8 weeks now.

You know me, I'm always looking for a theory or an explanation .... even for stuff that has no rational explanation (like the OTCBB) !! <g>

Take care,
Chris