Demand and supply is present in the stock market yet most do not know how to read the tape, one who did was Richard Wyckoff.
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Investing Quote
"While I have made it a practice to limit my risk in most cases, I can trace most of my principal losses to my failure to place stop orders when the trades were made." ~ Richard D Wyckoff
"Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria." ~ John Templeton