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In there are 100 years, no one from modern financial economics have conducted any extensive study of price movements at every single one. It was assumed to be random until lately. For some reason, if you say anything suggesting that price movement isn’t random, you would be damned on your academic competitors. It is like Galileo suggested how the Earth rotates around sunlight. It was a crime. Maybe it may be the nature of human – those have got something reduce would a single thing to stop others rocking their canoe.
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