Imagination TV Inc. (IMTV)

[dmlabuda]

You are missing the point about technical analysis. The chart does not cause the price to go up or down but it will almost always tell you with deadly accuracy where the price is headed. The chart does not know why the price is going up or down but, it does know the direction because the markets turn slowly and the previous buying/selling activity is the cause of the price direction and that direction is always reflected on the charts. The reason for the drop in price is totally irrelevant because if you know the direction of the price then the "why" really does not matter at all, does it? It will pay you to investigate technical analysis. I would never trade without it!