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In items on the market 100 years, no one from modern financial economics have conducted any extensive study of price movements at all. It was assumed to be random until a short while ago. For some reason, if you say anything suggesting that price movement is not random, you would be damned through your academic competitors. It is like Galileo suggested how the Earth rotates around the sun. It was a crime. Maybe it may be the nature of human - those possess something to lose would a single thing to stop others rocking their bass boat.

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