I have seen that happen plenty on good announcements - the fact that it took off two days later - should tell you a lot of things -
Nothing ever happens in the market when it should or when you expect it to -
Anyone who expects things to be orderly and perform according to a fundamental timetable will indeed be very disappointed ---
Actually that is why I started to get interested in charts in the first place - I noticed a lot of the accurate traders on this thread (since moved on ) where in fact chart orientated - they won time and time again because they could read the action and trade it without any FA distractions -
At a quick look that RED chart has a lot of trapped supply in the background - perhaps that is why it is having a lot of trouble going up currently ?
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- DTers Weekend Aftermarket lounge 8-12th June
DTers Weekend Aftermarket lounge 8-12th June, page-178
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