Investing on Market Momentum

Most investors buy and sell based on short-term market conditions. The behavior of previous markets, whether they have been markedly going up or down. Whether they are optimistic or bearish about the fututre market. All based on market conditions just past.

They are sometimes referred to as momentum traders. But most are not disciplined and are generally hit-and-miss in their efforts and accomplishments. (See the Earl J. Weinreb NewsHole® comments.)