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Strategies & Market Trends : Classic TA Workplace
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To: NOW who wrote (45581)7/14/2002 4:41:55 PM
From: Haim R. Branisteanu  Read Replies (1) of 209892
 
Correct and it misleads on long term analysis. Short term when all other variables are more or less stable it can be a very useful tool, but not on a span of several years when the other ingredients in the economy are changing.

True that human nature does not change much over hundreds of years but macroeconomics change constantly
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