Psychology. How can a chart possibly be able to read what people do or think who remembers Apple's ipod bubble what did analysts and chart readers say? Charts indicate Apple will fall? Oh let's time skip forward what happened to Apple falling to $300? Charts are wrong time and time again and the same old shit is constantly said "Because of this news the chart has reversed patterns and is now bullish " that's a load of crap how can a chart flip 360 from bullish to bearish and vice versa.