American International Group, Inc. (AIG)

[creppie]

Nope. Regardless of what politics happen, the chart says what lee-way exists where. For example, if there's weakness on the horizon, positive or negative news will be consumed differently than when there's a solid base of accumulation having just been formed. Sure, news of bankruptcy or high-priced buy-out may catch shareholders by surprise. But, in the meantime, it pays big time to understand that charts are, in fact, a means of quantifying market sentiment (i.e. your and my emotion), not just some hocus-pocus. I've seen too many people "back up the truck" on stocks that were just slated to fall and fall. At the very least, knowing lines of support and resistance would save people buckets of coin.