"The surprise of an army is now next to an impossibility. ... Prearranged surprises are rare and difficult because in order to plan one it becomes necessary to have an accurate knowledge of the enemy's camp."

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Once a price move exceeds its median historical age, any method you use to analyze the market, whether it be fundamental or technical, is likely to be far more accurate. For example, if a chartist interprets a particular pattern as a top formation, but the market is only up 10% from the last low, the odds are high that the projection will be incorrect. However, if the market is up 25% to 30%, then the same type of formation should be given a great deal more weight.

— Victor Sperandeo