The dots represent those moves examined in this article. Before proceeding to the examples, let us review two schools of thought regarding order in the markets and some properties of log spirals. Technical analysis has made amazing progress since the advent of computers, but this progress has not quieted the debate between random walk proponents and advocates of mathematically ordered markets. Random walk supporters cite the millions of subjective, individual decisions and unpredictable fundamental events as sufficient reasons for the impossibility of ordered markets. The participants are human beings.
Humans are indisputably a part of nature.
As a product of humankind, markets are as inherently natural as thousands of geometrically perfect honeycombed beehives produced by billions of bees. From the atom, to living organisms at every level, to the farthest extent of the cosmos, nature exhibits the ability to create order out of an infinite number of seemingly chaotic inputs. Order endures, unscathed by a perpetual barrage of potentially disruptive influences. As children of nature, markets digest and convert their myriad inputs into orderly progressive patterns of growth, both in time and price. As its growth forces the shell to increase in size, the essential shape of the shell never changes.