How can charts indicate nothing?
Dont they indicate buying and selling and the volume attached to it?
Then you say they mean nothing apart from indicating potential insider trading?? WT???
If you dont understand something, or chose not to follow that train of thought why other then to antagonise traders would you post such a thing?
Classic chart on BP after the deep water horizen incident in 2010. All the news was bad in may June, BP may go bank rupt etc. Yet look at the buying in June at the lows when it was at its darkest and recent capping attempts had failed. Most buying in the history of the company. And just 6 months later, an increase of 71% of one on the most solid performing blue chip shares historically paying 10 to 20% dividend,.
12 June
Responding to complaints in the British media of an anti-British tone to his remarks, President Barack Obama tells UK Prime Minister David Cameron that his criticism of BP has nothing to do with national identity. Obama defends US criticism of BP 10 June
The US Geological Survey estimates the oil flow at as many as 40,000 barrels per day before a cap was put on the well on 3 June. BP announces it is collecting 15,800 barrels per day from the well. BP spill 'double early estimates' Q&A: Scale of BP oil spill 8 June
Image captionSkimmers, including the giant "A Whale", are cleaning oil from the surface
Adm Thad Allen, the commander of the US response, says clean-up of the oil-stricken Gulf could take years.
Meanwhile, President Obama says he has been consulting with experts so he can learn "whose ass to kick" in the matter.
The US government says underwater oil plumes have travelled as far as 40 miles from the site of the leaking well. US oil clean-up 'will take years' Underwater oil plumes 'spreading' 4 June
BP places a cap, called the "lower marine riser package", atop the leaking wellhead. The cap allows the company to pipe much of the oil and gas leaking from the well to ships on the surface.
President Obama takes a third trip to the region. BP begins to funnel off oil spill 2 June
Carol Browner, President Barack Obama's adviser on energy policy, says the spill is the worst environmental disaster in US history, worse even than the 1989 Exxon Valdez spill in Alaska. Spill 'is worst US eco-disaster' 28 May
Obama visits the Gulf Coast again and declares "the buck stops with me". 26 May
BP prepares to plug the leaking well with heavy drilling mud, a procedure called a "top kill". The attempt is declared a failure three days later. What is a 'top kill'? 19 May
Oceanographers say oil from the leak has entered an ocean current - the "loop current" - that could carry it towards Florida and potentially up the US east coast. Gulf oil 'reaches major current' 14 May
Image captionPelicans are among the wildlife harmed by the oil
Researchers who have analysed underwater video from the leak site estimate as many as 70,000 barrels of oil are leaking into the Gulf per day, with a margin of error of plus or minus 20%, significantly higher than earlier estimates.
BP tries to thread a tube into the broken wellhead in an effort to collect some of the leaking oil in surface ships.
Meanwhile, President Obama condemns the "ridiculous spectacle" of the companies trading blame while oil spews from the well. Fresh BP effort to stop oil leak 11 May
At a series of congressional hearings, BP, Transocean and Halliburton, the three companies involved in the Deepwater Horizon drilling operations, all blame each other for the disaster. 10 May
BP officials weigh shoving debris, including golf balls and rubber tyres, into the leaking wellhead, a manoeuvre known as the "junk shot". They also ready a "top hat" - a metal dome - to be placed over the leak.
Meanwhile, BP reveals the oil spill has cost the company $350m (£233m) so far. BP 'may stem oil with golf balls' 8 May
BP's effort to place a giant metal box atop the leaking well to contain the spill fails when ice crystals accumulate inside the box and engineers are forced to remove it.
Meanwhile, officials revise the estimate of the leak's rate upward to 5,000 barrels per day.
