The momentum game

Ever watched surfers glide through the waves? They wait for the perfect wave, and then off they go, riding it as long as they can. But, if you watch closely, an integral part of surfing is knowing when the wave is about to ebb down. Momentum investing is similar. It is about waiting for a trend to emerge, riding it and then exiting at the opportune moment. A case in point is the present rally in the capital goods secto