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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Timothy Liu who wrote (19101)	7/1/1999 7:48:00 PM
From: Gary Sanders	Read Replies (1) \| Respond to of 99985

>What you put down is the same probability of throwing coins and get a series of heads in a row. >The problem is, even if you get 6-7 heads in a row, the probability that the next one is head is still 50/50. That's true for independent events like tossing a coin. However stock prices are highly influenced by human perception and human nature. The fact that the stock market has gone up or down 6 days in a row may influence which direction people think that the stock market may next head which may influence their purchase/sales decisions which may affect the direction of the market.