Someone on CNBC came on and said that KMP could not sustain its uptrend technically. KMP would fall. This is why the stock took a hit. Carter Worth is a well known techician. His opinion is well regarded. Read the article in yahoo under KMP News. I am a long term investor in KMP. The dividends are so good compared to the bank CDS.
I agree about these 'chartists' I hate these picture watchers.
Just because the last 3 times it rained on the third Thursday of the month at 9:00am DOES NOT mean that on the third Thursday of the coming month IT WILL RAIN at 9:00. Totally stupid to watch these 'pictures' and make judgements. Unfortunately too many prople listen to them. There are way too many variables that can affect performance.