I have added another system to the System Tracker based on Market Club's Trade Triangle technology. This system is only for the QQQQs. I am not recommending to use it in this form for other markets or individual stocks. The rules are posted in the System Tracker.
The system simply goes long or short on a 3 week calendar high or low, respectively, with one exception. To go short the current swing high must be lower than the prior swing high. One can use some judgement here, but the idea is that we don't short during a bull market of primary or intermediate degree. This means that we will miss the first selloff, but this is the price to be paid for not getting whipsawed trying to catch a top.
Currently the system is short.
Sunday, October 5, 2008
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