The QLD made a 2.2% jump today. Depending on the early action tomorrow, another buy into the QLD may be on my to-do list. A gap down could convince me to re-align myself with the CMI since the short term trend is still up and historically, sticking with the trend did pay off.
The Cheetum Market Indicator is still showing the bull silhouette so the play is to be in the market if your a indicator 'purist'. Makes me wish I could back test this method over the last five years rather than just one year. Come to think of it, a few hours of data input may be worth doing.
Thursday, January 8, 2009
Aligning with the Trend
