Momentum Market

This is the strongest momentum market I have ever seen. Not only because the market refuses to correct but the moves in individual stocks display tremendous momentum as well. For a reversion to the mean trader like myself this is as frustrating as it gets. I am ready to throw my hands in the air. Maybe that means we are close to a change.

1 comment:

PJ said...

The "I'm ready to throw my hands in the air" indicator used to work for me, but it hasn't for months. I've been ready to throw my hands in the air and the market still doesn't reverse. Maybe the "tear my hair out" indicator will work better. Not quite there yet though. :-)