frnwid1,,

you are correct IF everyone thought your way(TA is useless). But, the herd ( majority of investors/speculators) believe in TA, thus it works. PTK trades enough volume and MC for it to mean something.

Change the mentality of the herd ( all the daytraders, HFTs, speculators) and you would be right.

But IMHO you are wrong and I took advantage of today's down draft knowing very well it was a really possibility that GAP would get filled.

GL with your investing.

BTW, I am very long PTK, but I do trade a small percentage based on TA.