Playing the Ponzi's  Instablog

Playing the Ponzi
Send Message
Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
My blog:
Playing the Ponzi
  • DVN Breaking Out? 0 comments
    May 7, 2014 9:31 PM | about stocks: DVN

    Devon (NYSE:DVN) reported good earning and is being rewarded. On the chart, this isn't just any old good day though. It looks like DVN is attempting to break out of a pennant pattern that dates back to 2008. I noted the technical support in a post last year when it was trading around 50, and the upside may prove to be much higher than I originally imagined.

    (click to enlarge)

    The chart I posted last year shows that the support line actually dates back to the early 90's.

    (click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: DVN
Back To Playing the Ponzi's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.