DCN chart, page-259

I am going to stick my neck out (not too far really after this afternoons close), and say this baby is going to close that gap and soon.

Volume over the prior 2 days (Wed, Thur) before today was building, but volume today was very strong, particularly the close, which looks a lot like institutional buying taking a position (or building upon a held position).

Which kind of makes me feel like DCN are going be reporting good output numbers and costs in the near future.

This all adds up to some very nice momentum to propel DCN toward $1.585 and closure of the precipitous gap, I am putting up the chart again, this time the main focus is on the trend channel (DCN has now broken through resistance at the red horizontal line).

If DCN continues within the trend channel (which contains virtually all price action since early June - 3 1/2 months now), then we are on trend for $2-, on a timing basis at present trend $2- is looking possible sometime between mid Oct to sometime November.

Of course a correction in POG will put a dampener on things, but DCN is looking good right at the minute:

GLTAH mc