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OCR: Fractal theory In technical analysis, short, medium and long-term price mov ements are all anav: ec ir terms the same chart patterns. 0& statistical analysis has confirmed the aptness of this approach disclosing that there are indeed, patterns in price ements that can be found in short, medlium ard long-term time horizons This phenomenon well in line with the theory of iractals developed by Mandelbrot in the sixties analyze erratic patterns apparently lacking any structure ord JLSENF ASSCCIATES analyzed statistica confirmeo analyz entl OLSEN