Hi Aim Hier Yes, there could be other original factors that were considered. I have never read any of the books in entirety but am just offering my observances as to how the basic theory could be applied to everyday trades. If you have any insights you would like to offer please feel free to post them. IMO the theory could be applied to either uptrending or downtrending stocks/indices/futures. Enjoy the Evening Aim Hier! Sincerely, Bob :^)
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