Elliot Wave Theory...
For those who don't know it, I highly recommend it. It takes some of the blindness out of investing. A friend emailed me today and indicated frustration at the drop of the share price of a certain company despite the company put good news out recently. I had a look at the charts and could quicky see why. There was an Elliot Wave pattern unfolding and most of the time the patterns unfold to relative completion, even sometimes opposite to news, or in absence of news. The Wave theory seems to reflect patterns of human phsycology, of how mindsets are which can be influenced by any number of things, often subconsciously or semi subconsciously. To learn more Google Elliot Wave Theory, especially the work of Robert Prechter.
As for ATV, it's a volatile junior of course but the wave theory still applies, just can be harder to read sometimes. Experience helps with that as one learns all the possibilities. This week ATV has "spiked" a bit however I don't see this as a "spike" because it is part of a pattern forming a trend, not near the end of a trend. After a 5 wave set trend is ending and a "spike" occurs then prices may take much time to reach new highs, perhaps never. Same with drops, naturally. In the case of ATV there seems to be an internal waveset that has done wave 3 up, doing 4 down now and will do wave 5 up in days ahead. Retractive waves to the a-b-c pattern Elliot Wave Theory describes. So ATV is doing a 5 wave set which is one waveset withing a larger waveset, which hopefully will be within an even larger waveset. Enjoy the study.