Chart, page-53

"According to what the charts were saying we shouldn't have corrected this low"

A chart always follows the market. The market does not follow a chart.

The issue here is one of crystal ball gazing. Patterns break down all the time. Chartists are proved wrong a lot of the time. We look for high probability patterns, but the market will do what it wants to do - yes ,and moreso in a penny stock where price is easily influenced.

But stay interested. Though you'll find that theres one basic problem with posting charts - they are static representations of market structure at a point in time, whereas market dynamics may completely negate this scenario one bar later. Most TA's will have a risk control measure in place - that is, they'll assume the market setup is pointing to a high probability trade and control their exit/losses should the market prove them wrong.

But if we go back to the basics, on a weekly chart we are still in an uptrend. Im hoping the pain is short lived!! GLTA