8.10.2011

Do Charts Lie?

ok, so looking at the 3 month chart (select chart to zoom in), you will see the long tail on 8/9, down to the $8 price for FAS. I think this was good news, as I have a buy order at $9.


However...

when I check the 5 day chart, it shows that price has not fallen below $12...


Ok, maybe its the charting software, or timeframe, so I ran it for 3 year chart, and on different charting software... same result... weekly chart showing a long tail to the $8 area..


so, what does this mean? well, it "shows" that it hit below $9, but since my order is still open, AND the daily chart shows no where near $9, the only conclusion I can draw, is some charts lie... at least FAS did...hmm..

tb



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