Liquidity to fuel advances has been around since at least late 2001. No tuning necessary, just accepting that statistics is just that, a measure of probability. I am not unhappy with the turnips at all, so after three years of keeping me out of the major declines and jumping back to very low cash at most of the intermediate run ups, they missed one, no harm done, except of a partial loss of opportunity. Right here they say don't get carried away with the euphoria, and except on daily positions, do not chase anything (and that is dangerous as well as I learned, again, today, chasing JCOM...), raise your stops and enjoy the party as long as it last. Selectively buying a breakout here and there, but not overstaying these either (for instance, my LSCP buy of today is already on the block just above $9 if it gets there tomorrow or the day after...).
Zeev
