Ed Seykota Quote

Charles Faulkner tells a story about Seykota's finely honed intuition when it comes to trading: I am reminded of an experience that Ed Seykota shared with a group. He said that when he looks at a market, that everyone else thinks has exhausted its up trend, that is often when he likes to get in. When I asked him how he made this determination, he said he just puts the chart on the other side of the room and if it looked like it was going up, then he would buy it... Of course this trade was seen through the eyes of someone with deep insight into the market behavior.
Predicting the Future

Covel, Michael W., Trend Following: How Great Traders Make Millions in Up or Down Markets, FT Press (2007), pages 172-173, ISBN 0-13-613718-0