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There is nothing nitpicking in what I said.
The quoted line gives us two bottoms, $2 and $340. He asks you to do something patently insane: To extrapolate from $340 (the low which happened three months before his post was made, AKA "current low") and to assume that price is going to behave as it did during $2 -> $266 climb.
You can chose to believe anything, that's how cold readings work
There is nothing nitpicking in what I said.
The quoted line gives us two bottoms, $2 and $340. He asks you to do something patently insane: To extrapolate from $340 (the low which happened three months before his post was made, AKA "current low") and to assume that price is going to behave as it did during $2 -> $266 climb.
You can chose to believe anything, that's how cold readings work
What is being discussed here, now - whether rpietila's call was for a bottom at 340, or whether his implied prediction for future prices makes sense? You appear to be conflating the two.