I'd like to see increasing black volume as price goes up. Especially when breaking the red downtrend channel.
DNDN is creating a bear flag which consists of a huge topping tail candle (upside down hammer) on 5/28/07 in the weekly chart with alot of red volume guys. sorry to say, it is going down bulls, especially since the market is going down eventually since we have broken the prior swing low on the dow and sp500. i don't know if this is a full on bear market we are starting, but we are going to experience a temporary down market for a bit at least. since we have gone down so much lately, we will get a little rally for the rest of the week. later.
15 minute opening range High = 7.70 Low = 7.56 Based on a 7.79 High and a 7.56 Low, This is what I got for the Fibonacci retracement. 0.382 = 7.70 0.5 = 7.67 0.618 = 7.64
DNDN showing relative weakness to market since it went down on 6/15/07 while market went up. if you are gonna trade a stock, watch how it performs compared to the market. that gives you a big clue besides seeing what support/resistance level it is resting around. the chart pattern i mentioned earlier is still there on weekly and daily charts. good luck if you wanna buy this stock.
I accidentally bot 400 expiring seven half nickel puts fri. morning. I was really tempted to exercise them, but the option trader in me decided to flatten the books post expiry. With my luck it'll open at a four handle or some such.