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| | Momentum Trading is Not Trend Following |
 | | The arbitrary periods momentum investors use to predict earnings, sales and all other fundamental nonsense dont guarantee what an investment will do tomorrow -- whether these periods are measured in years, quarters, months, days, or even minutes. |
 | | All of the statistics, all the increases and decreases from the prior quarter and year, all the estimates from analysts, constantly revised, and all the whisper numbers are simply relative. |
 | | Momentum investing Involves mind games: Investors--both individual and institutional--have gotten so wise to the unreality of earnings estimates that they often take up for down and down for up, so that a game of double or even triple reverse psychology ensues. |
| www.turtletrader.com /momentum.html (854 words) |
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