Exfiles, projections I make are to the shorter term based on VERY CAREFULLY drawn charts.
Technical analyses is about possibilities and probabilities, which not always play out.
These can and do change, and so thus my analyses.
I was very wrong in my projections about a pre-Christmas rally, no doubt about it.
I saw the formation of a bullish inverse head and shoulder formation.
That formation became invalid only yesterday.
It didn't play out --patterns do that with alarming regularity, and we have to accept that they do.
The person you staunchly defend, imo, produces hastily drawn, inaccurate charts which he insists can only go one way.
Repeated, prior bounces off lower trendlines are ignored as though this cannot happen again.
There are mentions of "classic" textbook chart bevaviour.
to augment the argument.
Sorry, but I don't buy it, even though I appreciate his composure under attack--much better than I would ever be.
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ring in tuesday., page-41
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