good bye shorters, page-44

hi imho,


" .. Is this the one and only chart that ALL chartists use?.."

no this is my own :)),
most other charts/ists that I've seen on HC use just the basic indicators, sto ma etc

" Why pick this chart specifically ? "

ummm tricky question there, cause it's LYC :)

" Is it open to interpretation? "

yes of course

" Did your charting skills pick the big drop in ARU shares? "

at the time I was not following ARU, but I traded it a couple of times on the first big down day, and during this it was apparent very early on that they had capped it at 81cents with a temp bottom of 76.5, this was their range of trade to entice as many bottom pickers in to the stock before taking it lower, imo even without a bad day on our markets yesterday ARU's price was not going anywhere near 81cents for a while, not until the pro trader had scared the crap out of the ST trader, bottom picker, weak holder and had them sell back to them in a losing trade

cheers

P.S. LYC today does not need any weak action or any over the next few days,ie no low volume upbars with a narrow spread, no high volume upbars with a narrow spread or anything closing mid or lowish
it's currently in a prone position and we don't want to see it start making lower lows and highs etc