mitta3, can you then extrapolate and tell us what those converging lines tell you? Sideways movement for a while?
All I know is that after a half a million shares traded at much higher levels, someone absolutely hammered GXY today. I don't believe that the charts can predict what will happen next. These were not mums and dads. This was big, and in light of the incredible volume of bot trading, something is afoot for sure.
T/O would not suprise me at all. Why else would you mash the sp down?
I know that you don't read fundamentals, but if what's actually going on doesn't figure into what charts are apparently for (telling us what might happen next) then they are just like horoscopes.
Don't mean to be cynical. It's just that there is clearly a play going on and we can't see the actors.
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