Well, not to me, the trend didn't turn up recently.  I know BPT publishes trend following indicators like the $NYSI 9 ema and the $NYSI stochastics and those didn't confirm an uptrend.  Personally I use something like 13/34/54 EMA crossoversto buy/sell a 50% allocation to stocks at a time (when 13 crosses 34 and when 13 crosses 54) and those didn't confirm an uptrend.  Before I rejoined BPT this year, I took 8 years off (I was a member years ago before) to do real estate and this is how I invested during those years and I was able to do ok by riding established trends.  Of course I never caught the bottom or the top.  I think what we are talking about ultimately is the holy grail of trading which doesn't exist: when to do mean reversion and when to do trend-following.  Doing mean reversion is harder IMO because you are a "pioneer" who takes the arrows (you are stepping up the same time the big boys of Wall Street are) versus being a "settler" who comes afterwards with your covered wagon to settle the land (when a trend is established).  Matt's mean reversion systems are a courageous effort because in markets the mean reversion rubber band can be stretched farther than folks can imagine.  One needs to be mentally tough to do it.