Higher Than Average Volatility

A two or three percent swing in the market used to be a rare occurance. Over the last few months it has become common. That is one reason I chose to pull the trigger and take the profits. This gives trading the CMI an advantage versus the the straight mechanical system although I believe when in doubt follow the signal and you won't get burned too badly. I'll hold and will try to stay with the up trend when the market sells off a little more. No need to over trade since the year just started. Six more trades like the last one and I'll call this method a success.

A move over the last swing point on significantly lower volume, a volatile market, over bought conditions, and the need to start this method on the right track were the main factors when deciding to set the stop just under the current price yesterday.