how to predict the market using a chart

  1. 14,053 Posts.
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    was just looking at this chart I recieved from tom scollon



    Notice how he predicts movements in the market
    It seems that he has just drawn a line along the top two points and one along the bottom points

    Would it be that simple or is there a bit more to it?
    How does he work out the angles of the lines?
    thanx
 
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