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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: bobby beara who wrote (5044)10/18/2000 12:49:06 AM
From: Joseph Silent  Read Replies (2) of 19219
 
Looking at the market .... it's

clear that if one takes a position on it's direction and one sticks to one's guns, one is bound to be right for some of the time. It's a simple probability based argument. [ One can extend that argument to market level, but now we'd need to incorporate the notion of time ].

Barton Biggs is a good example of that principle in action. Also some bulls, like Mike Murphy.

Joseph :)
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