charts are all bunch of bull. They work UNTIL they don't work anymore. Earnings and profits drive stock prices over time. Over short periods day traders, chartists, short sellers, hedge funds and random market moves can dictate price swings.
I would not worry about a chart. STX valuation is still so low & future so bright that it is a bargain by any standard.
For those of you familiar with the IBD 100... (published by Ken Shreve's previous employer) we have WDC at #16 and STX at #69. These are the best of the best stocks out there. However, given that, IBD also says we are in Market Correction at the present.
Cramer was waffling the entire segment and contradicting himself over and over. I believe you are right, somebody wants cheaper shares, even cheaper than last Friday?