Wanna hear a good one: Several days ago GLW broke a major resistance level. The stocks starts clearing 40 and I'm looking over all kinds of charts. Yahoo Finance Charts has support, resistance and stop loss benchmarks. The resistance goes to 0 for a day or so. There is a resistance but its way up at 47 light and about 50 heavy resistance. So all of a sudden yesterday Yahoo Charts pops up a random number for resistance: 41.62 based on NOTHING, NOTTA and lo and behold the stock closes the day under that level.
As it so happen, GLW excecs sold large chunks at the peak before it moved down.
But I'm SURE it was just a coincidence -- because there's a LONG history of execs picking the rights tops -- NOT! If you didn't catch the sarcasm.
Wanna hear a good one: Several days ago GLW broke a major resistance level. The stocks starts clearing 40 and I'm looking over all kinds of charts. Yahoo Finance Charts has support, resistance and stop loss benchmarks. The resistance goes to 0 for a day or so. There is a resistance but its way up at 47 light and about 50 heavy resistance. So all of a sudden yesterday Yahoo Charts pops up a random number for resistance: 41.62 based on NOTHING, NOTTA and lo and behold the stock closes the day under that level.
As it so happen, GLW excecs sold large chunks at the peak before it moved down.
But I'm SURE it was just a coincidence -- because there's a LONG history of execs picking the rights tops -- NOT! If you didn't catch the sarcasm.