Kinda my point slick. You chart to trade in and out, hence you look at short term price movements and 'gaps' and aren't interested in monthly, and that's fine, completely ok. If you want to chart to invest you need to look at much larger time frames however. Charts are fractals, every indicator can apply equally to every time frame. Gaps, fibs, macd, whatever, all apply to each time frame equally. To say that gaps don't apply to other time frames is ignorance. Most people here I would assume are in for the long haul, like yourself. Therefore what the weekly and monthly charts tells us is of great significance. Some of the best short term trades you can ever have will be off multiple bounces from a support or resistance level from a large time frame because they just keep on giving. The last 4 months has proven that.
I raise this, to quote "in the interests of accuracy"
IMUGENE CHART. TA only, page-73
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161 | 9473412 | 10.0¢ |
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Price($) | Vol. | No. |
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0.105 | 259241 | 4 |
0.110 | 7215927 | 61 |
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