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List(s),
Last Thursday (5/6) my CMO Cocoa signal reversed on the opening. Me and
the boyz (& grlz) took a "flogging". The system took a -77 point drawdown
(worst to date) when it went short (and closed the long position from
11.07) @ 10.30. Of course, selling the 13 day moving average, with a stop
at the 34 or 55 day m.a. has continued to work in this "mother of all
trends" (see: 510ccn2). I'm just happy to be short again (in a market
that's imploding).
Stay tuned,
Steve Karnish
CCT
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