I wouldn't worry too much about the system. The trend changed
from an up market to down, and it was on the wrong side of a new
trend change. If we are entering a new cyclical bear market again,
then future system trades will make out nicely be shorting the
bounces.
I wouldn't worry too much
Posted by cw12 on 5th of Aug 2011 at 09:49 am
I wouldn't worry too much about the system. The trend changed from an up market to down, and it was on the wrong side of a new trend change. If we are entering a new cyclical bear market again, then future system trades will make out nicely be shorting the bounces.
System
Posted by finam on 5th of Aug 2011 at 11:09 am
I agree and we should remember that Matt suggested that we trade SPY. Some of the emotional comments could be from those who leverged.
Yes that is what I hoping for
Posted by mrab on 5th of Aug 2011 at 10:54 am
an oversold bounce next week, and the system closing this long trade & shorting the bounce for lower lows.