I am beginning to think, these days, that with the exception of Warren Buffett, nearly everyone worships at the altar of price momentum.
Seemingly, more than ever, commentators today are citing “levels”, charts, flows and my least favorite indicator (and one that has never been documented as a plausible and profitable endeavour) – “unusual” call activity that is really quite usual. (As I have written in the past I am respectful of those that earn a living by utilizing some of the more thoughtful and disciplined methods of technical analysis.)
https://realinvestmentadvice.com/kass-the-madness-of-investing-crowds/
