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Strategies & Market Trends : Befriend the Trend Trading
SPY 686.10-0.5%Feb 4 4:00 PM EST

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To: Dr. Stoxx who wrote (26087)9/11/2002 3:29:05 PM
From: MeDroogies  Read Replies (1) of 39683
 
Not completely different, though. Try taking a look at some pictures of autos RIGHT AFTER the motor was introduced. They still looked like horse carriages. In fact, they were called horseless carriages. This situation continued for some time.
The same goes for planes. When the jet engine was introduced, all they did was put it on old planes. It took some time before the architecture of the plane itself was reworked to best take advantage of the jet engine's power.
Even so, in both cases, certain things were left alone and are still in place even today. Wheels on cars, wings on planes, etc. In business, management may have become a science, but the basic precepts remain intact (buy low, sell high...hierarchical business structure, etc.).
I would say that in science a lot of old ideas are discarded, but many are kept. Newtonian physics are still de rigeur even though they don't apply in the quantum world.
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