I came across the term in a review of Murphy's "Technical Analysis of the Financial Markets" - the tome was criticised for NOT describing this "important" phenomenon.
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The Boxcar Effect
I came across the term in a review of Murphy's "Technical Analysis of the Financial Markets" - the tome was criticised for NOT describing this "important" phenomenon.
What does it mean? How does it work? Is it a useful tool?
Googling has turned up nothing for me so far any good references?
