Stringtickler,
Any chartist will tell you that the function of a chart IS DEFINITELY to predict the future !!
We,chartists are not historians !
In relation to the peak price, which was $2.40, it was hit for a few seconds and GXY closed that day at $1.985.
Over the next few weeks it traded in the range of around $1.91 to $2.24.
It is nearly impossible to get the best price,but I certainly strive to get a certain result within 10% or so.
I know that GXY can trade against the market,but on Monday is it more likely to fall 5 -10c.
I don't mind the friendly healthy debate on this subject,because it gives other viewers the chance to see the pros and cons on both sides.
Cheers for now
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