Domo Arigato, Mr. Roboto

As much as I would like to stay in this trade since this would make a nice market bottom, Mr. Roboto, I mean CMI 3.0, was pushed out of the current QLD trade. Who can blame him what with all the earthquakes, tsunamis, radiation and Dropkick Murphys blaring in the background at least until St.Patty's Day. And they say there is no such thing as an Irish monkey!

Actually, the last few weeks set the stage for the final push out of the trade so tomorrow's opening QLD price will be the official close of the trade. Due to the current volatility zone, there is no QID trade. Instead, the 'No Trade' signal is posted until the next signal is generated.

So why thank Mr. Roboto...I mean CMI 3.0? The last trade left alot on the table since the trade went as high as 15% before rolling back down and erasing the majority of the gain. The trade profile has a little too much downward curve. (I'll post the trade profile later) Even so, Mr.Roboto, I mean CMI 3.0, makes decisions without hesitation using logic rather than feelings, art, or emotion...even if the result isn't exactly spot on, or dead wrong 43% of the time. Arigato CMI 3.0, Domo Arigato. The longer trend is still the main focus.

With all these flashing lights and numbers whizzing by on the CMI dashboard, I know that the system is trying to communicate. Looks like the CMI is still leaning towards the bullish side and could send a buy signal in short order if the market makes a rebound. If the market sells off and goes deeper, the 'No Trade' signal will hold and the QID signal won't appear for a while. The buy signal is much closer to the surface, and the sell signal is too high risk according to Mr. Roboto, I mean...you know who. According to Mr, err, CMI 3.0, odds are 7:3 that a QID trade would result in a loss if opened tomorrow.

What about stops for the CMI 3.0? Well, they exist but are not even considered until gains exceed a certain level. In the case of the last trade, the level was close to 23% before any stop would be set. A 15% gain isn't even a thought in the CMI's CPU. That must be why they call them 'unrealized gains'. The CMI doesn't even realize they are there.

If the Dropkick Murphys haven't frazzled your nerves yet, let's go retro and check out the cool Styx video. Yeah, I know. I miss the 80's too.