Chart looks good ....chart looks bad. So which one is it? Charts don't predict, they follow...otherwise you're predicting the future. If one of the players decides to take down the sp another day longer then the chart looks down...if they decide it's time to let 'er up then the chart starts to look better. It's the moment when the players make the decisions that you need to know and what it is they decide to do or when good results come in that no one tells you about that you need to know. Problem is you'll never know this stuff so you have to practice trading/investing techniques that save your equity. Nothing else works as well. Now what if you had set a stop at .70. You would have felt bad at the time ...but now?