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The foundations of technical analysis were thrown at a time when the quotations were discontinued, the market places more independent and the flow of information more slowly than today. Finally, transaction volumes were less important. Since 1985, the Dow Jones, it was multiplied by 4 000.
Figures studied initially occurred at intervals of time longer. The news is probably already in progress, but the current interpretation of the technical analysis as well. Better to use this tool wisely and use the correct time scale.
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