Looking at past data and backtested results over the last five years, changes to data interpretation mentioned here will have to wait. I will stay on track when it comes to switching trades from the QLD to the QLD and vice-versa. The proposed changes, after further review, are more drastic than first expected, and do not necessarily put the probabilities is the traders favor...'fatal flaws' and all. We will have to live with those. I am convinced that every trend-following system has at least one.
As for the status of the CMI 2.0...
The current loss is a tough banana to swallow but the YTD gains still outweigh the losses. There is the opportunity for a change in trade next week but next week's market action will decide that.
First Triple?
I don't bet on much of anything, especially sports, and I like to keep the blog on topic, but let it be said that you have heard it here first...Calvin Borel will be the first Triple Crown winner since 1978. I know that Calvin is actually the jockey but that's how we do it in the jungle. For me, betting on an animal would just be wrong.
Saturday, May 15, 2010
After Further Review
Labels:
Market Wrap-Up