It is good practice to give our tactics a periodic look in order to refine them in a changing market environment.
A preeminent student (and teacher) of sentiment studies and market psychology, Farrell's '10 Rules' are an outgrowth of his long career following the investment markets.
The issue now is whether this develops into a trend down day or will some support be found.
And Cognizant Technology Solutions currently provides the former type of investor with a rare opportunity.
Warren Buffett is rightly regarded as a genius investor, but traders shouldn't try to time his picks.
The rule: Never pay more than a stock's normalized valuation when making a new commitment.
Pull up a chair in Sarge's classroom.
The rest? They get the droppings.
When you see that money pouring out of the market it is going to be looking for a home. The home will most likely want some economic sensitivity.
If you are aware of what is working well overall, then you can make adjustments that will enhance your approach to the market and prevent frustration.