Subject: Re: O.T. For Those with Momentum Screens
Those of us who use market trend indicators do so to have mechanical circuit breakers and decision points to specifically avoid panic. Most of the signals are to preserve capital, and especially to get out before a bad, drawn out bear.

Necessarily that means taking the 5%'ers in stride, limiting the 10%'er damage if possible (for me, at least), and being out for the times worse than 10% happen.

Markets ride the escalator up and the elevator down. I want to get off at the 2nd floor down.

Valuations, fundamentals, macro factors (except Fed rates) don't matter.

FC