A Bear In The Jungle

A little late to the party but the bear is back. The CMI 2.0 will be buying the QID at tomorrow's open. The CMI finally surrendered but gave up more than 12% in the process. To get a perspective, here are the last seven trades after that whopping 122% gain from last year. (Yeah, I said whopping).



The blue bars represent the result of each trade while the red line represents cummulative gain of these trades. The time period is Oct 09 to present.

It doesn't look so bad when presented this way. This is not an uncommon pattern as can be seen by the larger scale graph from an earlier post.

We are now QID-friendly. So... down is good, and lets avoid the bear traps.