The bad part about this chart is how long the time frame is, and keeping that in scale. So I ran lines of the tops and bottoms. Doing it, It seems like this is as much of a leading indicator as you will find. Of course in black I pointed out places where it was not reliable. In fact you can look at it and say that it's 75% reliable +/- 3 weeks.... LOL.. it's funny and not.
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