I agree with you. However, the chart will create specific patterns htat can alert you to sentiment/psychology of all the trades going into a particular equity. Doesn't matter which equity, which group, Nasdaq, otc, anything. Every chart exhibits the same patterns and it's bc of emotion/sentiment etc near extremes or reversals. Uoip has a lot going for it. Also, what if the news is baked into it already? I'm not saying it is, but usually when a chart runs, there is a reason. Big players have already positioned themselves wayyy earlier. Uoip technically has done some massives things, especially on the weekly timeframe chart, and all timeframes have lined up perfectly. I entered uoip purely on it's technical chart a long time ago, I knew nothing of a patent infringement case or anything. Purely the chart. As it went on, the chart looked even better, I waited 2 yrs and added. Then, news started to come in.
