tech, i think we pay attention to a single metric at our peril. no chart tells all. you understand what i said in my post about "wild cards". a chart may not forecast the day this company posts their first double-digit millions contract, or the day they get bought out. in moments like this the stock will simply take off and never look back. one huge flagpole and another plume of volume like we had friday. unexpected, monumental things happen, and anyone gazing at the stochastics the night before, or tinkering with trend lines, sold out and on the sidelines and waiting for the next flip -- these folks will just be kicking their furniture across the room on "wild card" days.
i'm not saying charts aren't effective, and i'm not saying FA is the only way. i'm just cautioning when we focus on one thing, at the exclusion of everything else, we can sometimes get burned very badly. we'll see a few headfakes here and there, of that i have no doubt. but at a point like this on the chart, given the record volume, i like to see folks stay in the game and make money, not get shaken out because they took their eye off the PRs and the fundamental value of the company.