Thursday, December 01, 2005

The Kirk Report : How Markets Really Work

The Kirk Report : How Markets Really Work
Contrary to popular wisdom, it is not better to be a buyer after the market has been strong and has made multiple days of higher highs


Likewise, it is not better to be a seller after the market has shown signs of weakness and has made multiple days of lower lows


The notion that short-term market strength follows through with more market strength appears to be wrong. In fact, historical results show that short-term weakness is followed by short-term strength and short-term strength is followed by short-term underperformance


This seems to be just an stochastics
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