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How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition, 4th Edition by William O'Neil

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CHAPTER 6S = Supply and Demand: Big volume Demand at Key Points

The price of almost everything in your daily life is determined by the law of supply and demand. What you pay for your lettuce, tomatoes, eggs, and beef depends on how much of each is available and how many people want these items. Even in former Communist countries, where the difference between haves and have-nots was theoretically nonexistent, supply and demand held sway. There, state-owned goods were always in short supply and were often available only to the privileged class or on the black market to those who could pay the exorbitant prices.

This basic principle of supply and demand also applies to the stock market, where it is more important than the opinions of all the analysts ...

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