Deconstructing the market, One wave at a time

Shanky and Harry were lying on the beach under sun-umbrellas. The salty tang of the sea breeze was most refreshing after the smoke and dust of the city that they had left behind for the weekend. Harry was absorbed in a book while Shanky lazily watched the wave breaking on the seashore. He turned to his friend, “You know what these waves bring to my mind, the stock markets.”

Harry looked up from his book, “That reminds me, how is your study of technical analysis coming along.”

“Not bad. I have just started to read about the stock market theories. The first one in my book is the Dow theory.”

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