MNS Chart, page-1285

I think it's time for an explanation @MaxAction - you published this chart on the 18/12 last and as you can see it's a daily chart with your channel highlighted, which I take to be nothing more than a prediction as implied. You actually stated in your post with this one "not rocket science".



As we all know the predicted channel was broken conclusively in an upward direction and MNS attained a high of .375. You actually rubbished my bullish daily wedge pattern which proved to be correct but we'll let that slide.

What concerns any chartist now is that instead of acknowledging that you were incorrect (as many of us are from time to time) you just simply change the time frame and the channel parameters to maintain what you have preconceived or desire what you want the chart of MNS to reflect.

Here is  yesterday's chart you posted where the time frame is now weekly and magically your channel plot has appreciably widened to accommodate the changing time frame and suddenly this chart is of paramount importance. Which would of course if plotted daily would show the failure of your first chart.


Every chartist and I dare say those that do FA gets it wrong for reasons outside their control or the market sentiment changes. What really brings charting into disrepute though is the inability of any chartist to acknowledge when things move against them and then start changing parameters to present a better picture for themselves and their pride. That sort of chartist will never learn nor progress.