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You do realize that those "trendlines" are utter nonsense? Firstly, they have no predictive powers and no one can prover otherwise. You're just connecting 2 lows and calling it an uptrend. I can connect random highs and lows and show that the trend is sideways, or the trend is down. Secondly, I can generate a random chart and you can draw those exact channels, but since it's on random data, it wouldn't mean anything. If your technique can't distinguish random data from data it's supposed to predict, that how can it actually predict anything? I've been following this blog for some time and I have lost a lot of respect for you guys because of this article.


from what i can glean it's two bearish wedges with the final about to terminate around 885-900. i do not believe this to be an uptrending channel.

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