In 1581, Galileo, while attending services at the Cathedral of Pisa, observed a chandelier swinging back and forth. Energized by shifting air currents, the chandelier moved in a variety of arcs and amplitudes. Thus was born the concept of the pendulum, which Galileo used as a time measurement device in his later experiments
The pendulum formula is a belief that, in any investment arena, the herd instincts of greed and fear are prevalent. Virtually all extremes return to a natural equilibrium point or gravity center, and trends and cycles of …