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| Good question. Plain do not have a feel. In the 1973-74 market...several countries overbooked & were cancellations as the thing finally unwound. The term "bear markets have long tails" is the result of what is termed "hidden inventories" meaning producers still owning residual amounts yet unsold and importers with overbooked supplies..usually shows up at the bottom of price moves. | |
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A Few Calculations
