Home > Articles > Volume 12 (1994) > Chapter 13 (Quick Scans 1994) > V. 12:13 (559-559): Quick-Scans: GEOMETRY OF MARKETS II

V. 12:13 (559-559): Quick-Scans: GEOMETRY OF MARKETS II

V. 12:13 (559-559): Quick-Scans: GEOMETRY OF MARKETS II
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QUICK-SCANS

GEOMETRY OF MARKETS II

One of the first guidelines every technician learns is that a market may enter into a correction and retrace 50% of a previous trend. This implies that price relationships exist between market swings. This concept can be carried forward to include time. For example, if the market moves in an upward trend for 100 days, then it may spend 50 days correcting the uptrend.




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