Technical traders tend to hit the door at the same time because they all use the same type of speculative trading indicators. Who can stand up to them when that happens
More Quotes from Frank McGhee:
There's the realization that there's real inflation in the U.S., and not just the kind of head-in-the-sand inflation we've seen the past six to eight months.Frank McGhee
People tend to say if it can make 11, then it can make 12. You start believing in the euphoria.
Frank McGhee
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In order for the light to shine so brightly, the darkness must be present.Francis Bacon
In setting out the walls of a city the choice of a healthy situation is of the first importance: it should be on high ground, neither subject to fogs nor rains; its aspects should be neither violently hot nor intensely cold, but temperate in both respects.
Marcus V. Pollio
I'm a very, very stubborn man.
Dave Van Ronk