re: end of day chart..huge spike "I would like to question the...

re: end of day chart..huge spike "I would like to question the use of charting in event driven situations, such as with oil explorers"

Spot on....

Charts are useful tryng to play the history of a ticker and try and see what both the trends and the mass-psychology has been as its impacted on the sp

Bottom line......You find 100 mill bbbls..price is going UP.

You get a duster.... its going down

You can of course use the chart data to see what sort of price drop is on the cards if a duster ensues - if there have been others in its trading history.

Trouble with those stocks that have gone from say 3 -9 c....if anyone with a chart can tell mne where it'll stop in the case of bad news relative to 3 c would be a psychic

Other than that....you'd need cahoonas the size of watermelons or a brain size of a pea to stay in to the 3c level

So what use the chart....