Honoring the continuing earnings season, lets examine the charts of two stocks that reported in the last two days.
Silicon Image Inc (SIMG) reported after close on Tuesday and Arcelor Mittal (MT), world's largest steel maker, reported at open on Wednesday.
Post the report, SIMG soared over 25% while MT stock was down.
Financial news analysis is an interesting business. It is always entertaining to watch reports trying to find "causes" for stock movement after the fact. Thus routinely we have stocks that slump "despite" good news OR the markets "ignoring" bad news and letting price rise :-)
In the case of SIMG, the reports could breathe easy because the company jumped to profit and that "caused" the stock to soar. MT also reported profits but the outlook regarding China wasn't good news. That "caused" the stock movement downward!
Keeping that fundamental analysis in mind, let us look at the Orthochronos charts for these tickers.

Examine the End-of-Day chart for MT from 7/27 below. The oscillators are poised for a downward move.

Additionally, in the above chart, we see the conflicting directions of dominant Black and Pink oscillators leading to the price moving in a tight range recently.

Now look at the contrasting situation of the oscillators for SIMG end-of-day charts below.

Our technical indicators don't look for "causes" and "effects", they just continue their consistent motion.

It shouldn't be much of a surprise that market sentiments can be effectively modeled considering that even marital sentiments has come under mathematical scrutiny :-)
http://ittakes30.wordpress.com/2010/07/27/the-mathematics-of-marriage-or-less-happily-ever-after/

Have a great day!

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