TrendView: History Repeats Itself

Wednesday, December 20, 2006

History Repeats Itself

"History repeats itself in the stock market. Many price patterns and price consolidation structures that stocks form are repeated over and over again."

William J. O'Neil

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Motto

"Restate my assumptions: One, Mathematics is the language of nature. Two, Everything around us can be represented and understood through numbers. Three: If you graph the numbers of any system, patterns emerge. Therefore, there are patterns everywhere in nature...So, what about the stock market? The universe of numbers that represents the global economy. Millions of hands at work, billions of minds. A vast network, screaming with life. An organism. A natural organism. My hypothesis: Within the stock market, there is a pattern as well... Right in front of me... hiding behind the numbers. Always has been."

Maximillian Cohen in Pi