some ta if your interested, page-6

The point is, Cabe, charting works only in the absence of news: it will tell you how the little graph is going to behave ALL OTHER THINGS BEING EQUAL. It all goes out the window when there's news. And when we're talking about substantial news, as we are all expecting with MKY, about the only thing you need to know about the graph is that it will be an exponential.