Surprised About Today’s Rally?

Not really.  All of our indicators pointed to a further uptrend in the market, especially within the tech sector.   But how high will it continue to go?  We don’t know, even though we make projections.  However in reality we let our proven indicators tell us what to do.  The market psychology or sentiment is mostly leading to more money pushing into these areas of the of market.  This happens even without the investors knowledge because most people invest in funds, funds of funds, or ETFs.   The money managers in turn have the pressure on them to catch these moves in the market but they cannot do it all in one day.  They will have to limit their way in and this what keeps the market trend moving in a general direction.  We know this and know how to profit from these moves.   Remember patience to hold on to the winners is your biggest challenge.  Even when winning you have to control your excitement, because today is a long as you imagine it to be.  The time will go by and the only question is how much better off will you be in a week rather than closing your position today.

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