Momentum Leads The Market
One useful fact to remember is that the most important indications are made
in the early stages of a broad market move. Nine times out of ten the
leaders of an advance are the stocks that make new highs ahead of the
averages.
—Gerald M. Loeb, from
The Battle for Investment Survival, (1996 John Wiley
& Sons, New York), originally published in 1935.
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