chartists

I look forward to reading intelligent, well thought out HC posts which have some logic and business rationale attached to them.

In respect of the chartists, I am reading that TLS is on its way down to $2.80 and the direction is down but 2 days ago there were no such comments? The bottom line is that Telstra has had a very small reduction in profitability, it remains a cash cow, is 2 weeks away from paying a $0.14 fully franked dividend and has been subject to some panic selling during the past two days.

I would not be surprised if the lure of the large dividend will see TLS move back above $3.20 next week rather than sinking due to the chartists ?downward trend?. How do I know? I have read Tarot Cards, tea leaves and have had a s?ance. That is just as useful as some of the charts showing 2 days of historical data.