Anyone who doubts the use of charts might like to take a look at the charts I posted on the gap down day...24/11.....
That gap down on exceedingly high volume was a warning to get out....or at least place a stop directly under the low of that day's bar.....
There are three types of gaps, breakaway, continuation and exhaustion.... It could only be a breakaway gap.
Unfortunately the price has declined to a point where it might bounce and you could sell at see the price reverse..but it might not...if you decide to sell and cut your losses have a plan in place to buy back in...many people just sell and bolt.
then you really have done your money
I also posted the latest charts
[IMG]http://i861.photobucket.com/albums/ab174/avella1992/meoweek
ly-1.gif[/IMG]
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