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Re: deadjim post# 23261

Tuesday, 02/20/2018 11:06:42 PM

Tuesday, February 20, 2018 11:06:42 PM

Post# of 47603
The chart is definitely a short-term mood detector. I don't know why anyone fights that. And it's an adaptable thing. When support or resistance is broken, a chart adjusts. It's not a fixed read on things. And that's what I think some people find flaky about it. But that's how it works. Nobody denies that it's tied into news and events. We're talking about a company that is still trying to make money. A disappointing PR has an impact just like a positive one would. There aren't balance sheets to depend on with companies of this size so these events are significant ones.