Geez JC.

Just when I had started to think that you and I were on the same page. lol

The original question here was about the gap on the chart as a target. Problem is I don't see a gap on my charts.

Not on the Amex chart. Maybe there's a small gap on the TSX chart but I'm not sure that a gap that appears on only one exchange really needs to be filled in TA terms.

As far as the news compromising the technicals, I couldn't disagree more. All stocks are affected by news (check out FNM today) and TA for me supplies a way of analyzing both qualitatively and quantitatively the resulting move and hopefully anticipating the next one.

The news caused KRY to shoot way above the upper Bollinger band which has to be corrected and it has now come down and sits pretty much in the middle which is exactly what TA would tell you is the likely aftermath of a more or less positive news release ocurring in the midst of an uptrend.

Many people on this board do not seem to even understand what TA is, what it isn't, what it can do and what it can't do. There is way more to TA than trading ranges.

TA offers targets for sudden moves outside of the ranges resulting from news, good or bad. It predicts the direction and magnitude of reversals once the euphoria or shock wears off. It does a lot. But it is seldom perfect.

But to the people here who would rather invest based on hope, belief in Fung, amateur (and sometimes amateurish) financial analysis (or whatever), I say go for it and good luck.