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Yes I scanned it quickly.
The material is thought provoking, but the book is dense with
charts, figures, and a lot of statistical data. For maximum
benefit, one should read the book multiple times, say a year or
two, and invest some effort into system testing.
I must confess I have not studied the book with the attention it
deserves since the book focuses on the long term price profile of
the Dow cash index. If you trade DIA or some other ETF, or the
DJ futures contract on a 30 to 300 day time frame, you should
find the book illuminating.
The book has no relevance to shorter term commodities and futures
markets.
Leslie
David Colin wrote:
>
> Has anyone read Arthur Merrill's "The Behavior of Prices on Wall Street"?
> Was it useful?
>
> TIA,
>
> David
--
Regards,
Leslie Walko
610-688-2442
--
"Life is a tragedy for those who feel, a comedy for those who
think"
Horace Walpole, 4th earl of Orford, in a letter dated about 1770
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