There is a fair argument that momentum investing doesn't beat "buy and hold". I like watching the 200, 100, and 50 day moving averages but that's as technical

There is a fair argument that momentum investing doesn't beat "buy and hold". I like watching the 200, 100, and 50 day moving averages but that's as technical as I get. I get off the boat at channel breakouts and resistance levels. I think it becomes a pseudo science at that point. The best argument on this I've seen is in "A Random Walk Down Wall Street" by Burton Malkiel. The Efficient Market Hypothesis is on shaky ground a lot of years. I guess it works in the sense that markets will correct given enough time, but I'm mostly sitting this market out since the end of QE4. Sure I'm missing out on some gains, but gains are only real when you can sell on time.