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Market timing is the strategy of attempting to predict future price movements through use of various fundamental and technical analysis tools.
The real benefit of knowing what is going to happen is that your return from buying a stock before it takes off is obviously better than if you have to buy the stock on its way up.
Why Market Timing is Dengerous (http://stocks.about.com/od/investingstrategies/a/marktime100804.htm)
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