park- DVN pretty much doing as I had projected on the chart,
expected the first rally to be sold and a pullback to occur, either
to form a higher low or a new low. If the market breaks down,
then most likely new lows, perhaps some kind of 5th wave,
volume on the bounce out of the steep wedge was low
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DVN- & re-test of 52 wk. low question
DVN - pullback may be over. I added to my ...
Posted by parkridge77 on 11th of Jul 2012 at 02:21 pm
http://stockcharts.com/h-sc/ui?s=DVN&p=D&yr=1&mn=0&dy=0&id=p66634250835
DVN 52 wk low is 50.74-- not that far away-- 50 & 200 mda are lost- so doesn't that up the odds for a re-test of the lows here or not a consideration?
park - DVN pretty much doing
Posted by matt on 11th of Jul 2012 at 02:31 pm
park - DVN pretty much doing as I had projected on the chart, expected the first rally to be sold and a pullback to occur, either to form a higher low or a new low. If the market breaks down, then most likely new lows, perhaps some kind of 5th wave, volume on the bounce out of the steep wedge was low