Think outside the square

have been writing the newsletter for more than 20 years and read something called “Bob Farrell’s rules of investment” over 30 years ago. Farrell was the chief stockmarket analyst at Merrill Lynch from the late 1960s until 1992. He was a pioneer of technical analysis and thanks to him Merrill Lynch was seen to adopt and promote technical analysis at a time when Benjamin Graham’s book, , had demonised it, on page 2, as “fallacious”. I don’t need to repeat Farrell’s rules here – they are a little bit