Well I guess if you don't look at stats then you make a gut feeling call on how much you think this news is worth?
Do you not think that the maths behind actual buy/sells can assist how far you think this particular run is going to go, even if it is driven by a particular event? its all part of the bigger picture,
If you don't like charts and TA fine go long on all your investments but there's no need to bag something just because you don't understand it. There is good and bad analysis just like everything else, calling it all Mr Squiggle is a bit over the top. Esp in a stock forum!!!
You're not going to be able to tell news from a chart true but the chart shows the trends and the depths of the trends. SO the charts did not predict the events BUT it shows what has happened to the stocks and gives indicators as to how the trends triggered by the announcements will play out.
And finally, anybody that 'drew funny lines' last time we hit 50c and did not note the low volumes and lack of ADX support (which if you do a bit of light googling is easily understood) is clearly not analysing the facts properly (ie that there are factors that caution against a sustainable rise in the immediate short term).
CNX Price at posting:
51.7¢ Sentiment: Hold Disclosure: Held
