Up Means Down?

Friday's upward market action on light volume would indicate that a pull back is nearing. I have been saying things like that all year but I mean it this time. Even though I pulled out of the QLD trade and the CMI is still chugging along surpassing my trading once again, I am betting on a down turn.

Although I have updated the CMI results in the sidebar, I have not update the YTD % for my trading since I took a 'half position' in the QID. Once I 'up' that to a full position or close out, I will update my trade results.

One interesting note is that I have traded 25% more than if I had just followed the CMI buy-sell signals. More commissions for the broker, and I have nothing to show for this extra effort. Second guessing the system has not been profitable...but I keep doing it anyway.

Looking ahead, the CMI is giving hints that it may be selling out of the QLD soon. Soon means another week or so unless the market continues to rally.