"SECOND LAW: Trends that run counter to the next larger timeframe tend to be abortive." (originally found here ---> http://www.trend-dynamics.com/TD_Laws.htm) I have friends who actually strongly believed in this. I mean if this is true, everyone will be fading trends that run counter to a larger timeframe, everyone will be making money, all instituitions will be arbing this to death and the market will crash. Its like basic economics man. But why do people still argue strongly for this "law"??