I enjoy the Market Club for a second opinion and to generate ideas and confirm if what I’m seeing is what their proprietary model is showing. Mainly, it’s a trend following system from what I can tell and strongly encourages the analysis of multiple time frames – the higher for the trend direction (signal) and the daily (or shorter) for entries only in the direction of the trend.

My guess is that you should not have taken any long signals, given that the broader trends are most likely down in what you traded.

But also realize that this week threw a lot of people off their game no matter what their strategy was or how organized it was. I warned at the onslaught of this week to basically stay out of the market because it was likely to swing very strongly in both directions, so take that into consideration.

Personally, I primarily trade the Dow-Mini futures in the morning session and do analysis on broader markets and stocks as an adviser/analyst for a local fund, so I’m a unique client for them. I enjoy Adam’s perspective and educational lessons and their blog as well.

It’s good to try out the system but the current volatile environment is whipping traders who are new, experienced, short-term, long term, trend followers, mean reverters, etc. It’s very, very difficult with price swinging up and down 3% back to back.

I would recommend negotiating to get a second 30-day trial if you can once this environment of hype and chaos dies down. Feel free to email me personally with any questions. Thank you for sharing your experience.

Certainly we’ll get an oversold technical bounce (it happened today and will likely continue). I chose to use MGG and the MSCI Index as the proxies in a post I wrote today, which mainly looks at the underperformance issue.

I don’t follow these as much as I should so I can’t add much more to it other than more discussion on the technicals which are similar to the S&P, but relatively weaker in the current period.

That’s the predominant long-term pattern structure I’ve been using as a backdrop for some time now, so yes I’m with you on your analysis. It looks eerily similar in so many ways – down to the Fibonacci and retracements and impulse moves. Haunting. But it helps to have a possible structure to use as a longer term backdrop.

I would classify that as the dominant long-term technical pattern.

Continue to enjoy your charts and comments immensely. Would like your thoughts on the Emerging Markets. EEM, FXI etc. seem to have really underperformed significantly the US (SPY,DIA, IWM) by my just perusing the Charts. If the world is not going to end I think they are due at least a Bear Market bounce. Do you have any way to measure this gut feeling or any thoughts in regard to the same? Any comments or thoughts in regard to this would be greatly appreciated.

Tom

I was wondering what you might thing about this chart…

http://recordpricebreakout.com/wp-content/uploads/2008/09/sp-double-top.png