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What this says that if a stock is in a downtrend it will continue in a downtrend until some (event) occurs to change it.

While I don't necessarily disagree with this statement I think it is a bit silly. No doubt it would have good value as a dinner party one liner.

News will change a trend as it should.

What about when news that should change a trend doesn't?

When a trend changes sometimes the "news" is obvious.
BUT if the trend changing news is NOT obvious people will go looking for news until they can find some and say "this" is the news that caused the trend change. Sort of like "curve fitting".

Anyway, I hope there is no "news" about RMD before it reaches my price range, CSL & COH for that matter as well. It's not RMD specific, the bios generally are on a bit of a downer lately, maybe it's another bubble that has burst.

Now I just have to do 2 things, work out what my price ranges are - and find the capital just in case.
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