Ewave, frankly, during the 15% tumble last week you were saying that the TA looked bad. Typical message board psychic/stock guru crap. Oversold conditions are based on past sales decline volumes.
The VX950 success has not gained a lot of attention yet. If more people were privy to this, then you'd probably have a lot more buyers. Just how does a chart/TA account for this in your "oversold condition" statement?
Falling stocks on heavy volume never look good, it was just confirming the trend. Nothing moves the same way forever. I don't really see your point. I probably said it looked bad while it was falling, and it kept falling.....until it stopped.
All fundamental news known is factored in by those making buy/sell decisions. And, it ran from 8 to 44. I think 950 was a big factor in that.
Like I have told MM, nothing is perfect, and it takes some understanding of it to appreciate it.
Ewave, that is part of my point. "TRENDS", I can "confirm a trend" by just looking at price history. And this is laughable, you responded with, " I probably said it looked bad while it was falling, and it kept falling.....until it stopped". Very profound. AND,AND, you can't say, "All fundamental news known is factored in by those making buy/sell decisions". I constantly see analyst downgrades on stocks right before those stocks announce new info then pop. Look at the analyst commentary on VRTX. Also, just how did the charts predict the stock rise of VRTX before the 950 success announcement? And last (for now), you said, "Like I have told MM, nothing is perfect, and it takes some understanding of it to appreciate it". If you can't predict the price of a developmental stock with TA, then why use it? Remember, I said small cap development companies can't be predicted by TA.