credibility, page-39

Thanks for obliging t4p.

My view remains unchanged.

There are so many template trend line possibilities in that graphic, that it remains a classic case of making the template seem relevant, as one can make the data fit one of the many possible path lines provided, which then makes it seem accurate.

13.5c? But hang on a sec, the possible targets for this weeks time period from the start of the week could have been any single value from 12c to 27c... and the data would still have fitted the template!
It will always seem accurate because there is so little margin for error in it's design. It encompases just about every possible price point at any given time... what is the use of that?

If the price increases, and larger daily moves (for similar relative percentage gain) eventuate, then the template will be so criss-crossed with trend lines, that the candle will ALWAYS fit one pattern that you can see!



But thanks again for throwing it up there.