Don’t Fight The Tape

  • February 12, 2001
  • Mark Friedfertig and George West


Stocks move in the path of least resistance. If it is hard to sell, then it
is going lower. If a stock is hard to buy, then it is going higher. If a stock
is supposed to go higher and it doesn’t, then it is going lower. Do not fight
the tape.

–Marc Friedfertig and George West, from The Electronic Day Trader
 (1998,
McGraw Hill, New York).