Technical_Analysis_page_174

Technical | Analysis page 174 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 8 Measuring Market Strength 145 81%. His report for longs only, which were held for an average of 13 days, only beat the buy- and-hold by 35.1% over the entire 68-year period, without commissions or slippage. Ned Davis Research, Inc., (see Figure 8.6) found an 11.7% annual gain versus a…