Does your trading system
have a real edge? Easy to know. Test the short side against stock
indexes. A persistent bullish bias in stocks is a headwind against
shorts. If the trading system has timing accuracy, it should be
profitable when going short. The chart below shows the equity curve
resulting from shorting the S&P500 with my Composite Trend Indicator
(made of the Dow Theory 21C and the Blay Timing Indicator). I applied the
shorting signals to an array of ETFs. The numbers speak for themselves
and will be posted soon.
Sincerely,
Manuel Blay
Editor of thedowtheory.com
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