It wouldn’t help to look at charts or data, as each day there would be a 50% chance of the market going up or down.
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This smoothing effect of price change increases as you use longer and longer periods as the average.
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The tendency of statistical data.
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You may not be aware of it, but if you do this, you are performing one of the basic experiments in probability.
Imagine that you have in your hands a shiny new penny.
Regardless of what the fundamentals are saying, the price you see is the price you get.