Sorry Mug, I didn't mean to annoy, and I agree with you that news and the lack of has been the primary mover of the the price. Technical analysis measures the past and gauges mass psychology. There is a respectable percentage of predictability especially in determining statistically advantagious entry or exit points once a trend has been established.
My arguemnent is that, following precepts set forth by Granville, Zweig, Weinstein and others, SNEY is not in a down trend, it is in a consolidation, possibly a basing formation. Shorting here based on assuming a down trend could be risky.
Aside from all that jargon, I have been buying every week regardless of price, in hopes of the possibility that the fundamentals discussed here may be accurate.
