A Flood Tide Leads To Fortune But There Is No Tide Table
The flood tide is the major market trend in a bull market. In the 1990s it was technology and Internet stocks. In the 2000s it was Chinese and other emerging markets stocks. Every one of these major trends goes to extremes, persisting far longer than observers expect. But there is no schedule that can predict these major trends, and thus the only sure system is the one that observes the trend and stays in synch with it.