By Gary Hofer
The Times 

CROPS

 

January 24, 2013



The great sages tell us that all things seek balance. "Seeking balance" implies at least some swinging back and forth across some "per­fect" point, tracing a sinuous line as momentum rises and falls.

With a little contempla­tion, the natural movement of the market becomes "in­tuitively obvious", as Profes­sor Pyle, my old statistics in­structor often said. It sure is easy to see a trend when one is looking backward in time.

Thus a problem is created for us human beings, as we are all hard-wired to quickly identify patterns in things. The end of the trend is the tough call, especially when a di...



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