Rationalisation

The bears are out providing rationalisation for the move. Short covering by large hedge funds is one. As usual some are claiming conspiracy by Fed and the PPT. Some are claiming it is liquidity driven( now is this some new macro insight, the liquidity factor has been around since July, so if you are such a good analyst, why you did not think of it before, why yesterday). One of the perma bears amongst the Tickersense poll participant has thrown the towel. So finally there is some bear capitulation. How long the move will last, who knows. What is important is did you profit from it.

You can spend your life time trying to rationalise the move. At the end of the day all that matters is whether you have a profitable methodology. If you followed the earning/sales/price momentum method like I do, you would not have missed out on the opportunities.If you followed the IBD methodology, it would have still got you in to this move long ago. November has been one of the best months so far, for those methodologies.

Here is what I have positions in or on my watchlist so far based on current action:

AAI,Airtran Hldg
DAKT,Daktronics Inc
GMTN,Gander Mountain Co
GOOG,Google
LCC,US Airways Group Inc
TRMS,Trimeris Inc
VNDA,Vanda Pharmaceuticals Inc

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