4 days up…downwave in INDU

Posted on Feb 25, 2010 by in Letters

Most readers are unaware (blessedly) that a species of technical gnome sits in his garret and computes what happens when the market is up 4 (or down 4) days -- how much it gains or loses in the next 5 days, the next 10 days, etc, etc.  We don't have to do that.  We know that after an upwave there will be a downwave.  Market mischief makers will attempt to exacerbate the volatility resulting from these natural market waves.  We will largely ignore them.

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