Upside Move Triggers Buy Signal

I always say to never anticipate market direction when using a mechanical system but rules are apparently made to be broken. I've been meandering in the QLD over the last few days waiting for the Cheetum Market Indicator to signal a buy. After today's massive move, all signals came together and agreed to post the bull. (Just look over to the left and click if you haven't been following along). 5% moves in the market are becoming commonplace lately and this is not good because data can be skewed and correlation between past and present results becomes more difficult to get your paws around. It will be interesting to see if this is just another false alarm or if this upside move will gain some traction.

One important note to keep in mind is that the average baboon will think the market is turning around but this chimp has been around long enough to know that the larger trend is still down. Let's play the sytem as it was intended and see where it takes us.

As a reminder take a look at last years results (Sept 07 to October 08) to get a feel for the gains, losses, false readings, and overall results for the Cheetum Method.