Does it make sense to say that a stock that plunges sharply & recovers slowly with rising cycles, is undergoing "tempering" for "toughness"?
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Only if you can show that the underlying crystalline structure is being realigned for increased strength and durability.
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I think medium-wavelength cycles in a stock probably represent incorporation of fundamentals info, so "toughening"
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informed traders have permanently impact on price, noise traders impact is temporary (reversed over time)
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