I would say in the last 2-3 weeks, the obviously shorting activities create false signals in the chart events.
Charts supposed to represent majority opinions. However, these kinds of shorting distorts the views. The shorters create chart events and fool many people. I think we should not use charts for penny stocks, only use charts for the market or major companies. Those are not easily manipulated.
What I don't understand is: The Japanese energy plan is well known to be released this week. How come the shorters still short the stocks last Thursday and Friday. Even though there is a Spill news in Japan, that is history when we know about it. Too dangerous to short last week!
the lesson , page-9
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