okay uncle has some rule of thumb
that he uses to pop bubbles
now what happens ???
bubbles don't form
but what if there's been a real change in some relationship
that makes traders want to surge past the thumb breadth rule
want to violate it
push against it
well like an orderly appreciation uncle allows the price to rise or fall as the case may be
thesis bubble up prices will not persist once "demonstrated"
real changes in relationships will persist will try to push past the artificial barrier
could be gamed ??
of course
forex markets may be our best paradigm here as in much else
the point is to floor and ceiling spec markets
what harm can that do if the floor and ceiling show enough flex when persistently challenged
wagering on a car race is socially harmless nonsense
folks like skew they like the lottery the chance taking
but commodity specs and currency specs and house lot specs and equity specs and bond specs
they can do serious long lasting social harm
neighbors on either side of your house
playing a game of toss ' the live grenade ' at each other
are perhaps going to bring harm down on you too
at some point eh ???
