Replies to post #187727 on Lightwave Logic Inc (LWLG)

[Pro_v12001]

X but wait, Mr Chart Reader just randomly showed up on a Sunday night to do a pro bono chart reading for us and has no position in the stock. What is wrong with these people?

[Chart Reader]

The stock has now clearly broken the support at 3.77 and there is NO established support below until 1.75-2.00 is reached. This does not necessarily mean it will get down that low but it does mean that there is not going to be any computer or algorithm buying occurring until it gets there, or until a new support level is built, and new support levels take weeks to build. Then, of course,, if news comes out, that can also make things change overnight. Having said that, this is the perfect example that charts do give the probability scenarios and the other thing to learn from this, is "you can't fight the big money" no matter what you personally believe.