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1/13/09

Chart of the day is.......

......Dynasty Metals (DMM.to) and a trip into the wacky world of technical analysis.

Nearly all proponents of Technical Analysis that I know say that they "don't like gaps". There's something especially weird about this in my view, as if a hole in a chart's pricing can attract a future valuation in some kind of mystic magnetic way. IMHO it's bonus mumbojumbo layered upon the normal TA mumbojumbo, but even the cream of chartists that I know...the ones I actually respect such as Gary over at BiiWii or the mysterious dude known to the world as "Grin" adhere to this hatred of gaps.

So there's a big fat gap for you, charties. Waddya say?