Charting

I use charts a lot in my trading. Usually they provide a reasonable guide to whats going to happen. Sometimes, they are just plain scary.

Check this out. I drew up this chart of Mediaring on 23rd Feb, Friday.

The crash took two working days later, Tuesday, 28 Feb. And it just walked that trend line down.

I wish I could say I got out at 44 but I got out at 42 and took a small loss; I bought at 43. When it just didn't break thru pass 44, I got cautious and took the hit, sold it at 42.

Anyhow better than holding the sucker at 38 now.