It would be too long reply to analyse the phrase and implications of it, sorry.
However, here is a link to some learning material (the kind you are interested in, I believe) :
https://hotcopper.com.au/threads/short-term-knowledge-library-1-0-this-thread-is-read-only-no-unauthorised-posts.2634026/#.VlHu6o9OJaQ
Don't let the title full you, a lot of it is applicable to any timeframe.
p.s. there is volume 2 and 3, just search for it.
Hope that helps.
