It is a fact of life that it is easier for a professional long-only investor to get fired for underperforming in an up market than a down market. Most of the money comes in when stocks are flying. This unfortunate set of circumstances leads to chasey, momentum-type behavior when stocks are ramping like they were yesterday, even for folks who are not momentum investors.
The very early continuation action is strong which should suck more people in. I don't know if this is real or not but since we've got so much room until we get to important technical resistance, I wouldn't aggressively fade this strength.
I guess I'm in no man's land as well.
The very early continuation action is strong which should suck more people in. I don't know if this is real or not but since we've got so much room until we get to important technical resistance, I wouldn't aggressively fade this strength.
I guess I'm in no man's land as well.
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