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Gambler's Paradox by Clifford J. Sherry
ARTICLE SYNOPSIS ...Gambler's Paradox
by Clifford J. Sherry
If you know the price of a commodity today, can you predict the price tomorrow? A week from
tomorrow? A month from tomorrow? Can you predict whether the price will increase or decrease and by
how much? The answer to that question depends on who you ask. Some people, like technical analysts,
who use such things as charts and moving averages, believe that you can. Others do not.
One reason this question is so difficult to answer is there is no general agreement about how commodity
prices are 'generated.' If the underlying 'process' is random and/or indep...
BY: Clifford J. Sherry, Ph.D.
In This Issue Jack K. Hutson, Publisher
BY: Technical Analysis, Inc.