I guess linear trend lines are worth keeping an eye on. They seem to correlate with some events.
"some events". you can always draw some lines somewhere and find "some events"
"some events". you can always draw some lines somewhere and find "some events"
That's true. The important question is if a substantial number of traders are making decisions based on linear trend lines or not. I'm not sure at this point.
I thought descisions here are based on funny pictures. I am a regular guy, no experience or knowledge in trading. I don't want to be rude, but for me the whole prediction story looks like bullshi...
My theory: The prediction works because people make decisions based on some weird number-juggling lines which eventually confirms the prediction... maybe. If not lines are redrawn. Even from a math background I don't understand how you expect to predict the future based on the past of a mostly random system?
I wonder how many times the words 'bear' and 'whale' have been used in this thread?
My guess is 4x bear and 2x whale.