It may diverge for a time but eventually it will come back in line with the main river.
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Dow himself never actually used the phrase.
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This could be because the market moved between the time it took you to look at the chart and actually place the order or it could be that the new traders was unaware of the difference between the bid and offer.
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This identification of trend, its beginning and end, is the most important thing we have to do.
All this means is that anything that can effect the price of a security has already been allowed for by the market participants.
Makes you think doesn’t it!