CVN Chart, page-297

Over the last 2 weeks, the news on CVN has attracted a lot of traders - both long and short.

And they use charting principles to guide them in their trading - to buy or sell.

For example, when the charts interpret the stock price have run too far, its a signal for traders to sell - like what happened yesterday.

That is a signal for shorters to attack the stock, until it falls back to the gap (another charting principle). Then, they close their positions, resulting in a short squeeze (when a lot of them try to get out), which causes the SP to rise again.

And that becomes a signal for other traders to buy.

A self fulfilling prophecy, if you like.

Does not always happen, but does where traders using charting principles overwhelm fundamental principles.

Just my humble opinion.