Market had quite a ride during the week: Monday, DJIA went down 238. Tuesday, it went up 264. Wednesday, it went up again for 186. Thursday it went down 200. Finally on Friday, it went down 54. For the wole week, DJIA only went down 43 points. Four out of Five days, we saw it went up and down for more than a hundred points. This kind of volatility is very difficult for market timing system to work and it is one of the reason why I use the weekly price rather than daily price in my ranking table.
Weekly Average Momentum Index (AMI) Rankings of SSPP, nSSPP, SELECT, ETF can be seen in:
http://yechen.pan.googlepages.com/Here is an update for our FEMKX timing model: FEMKX was sold on 6/13 and we are still holding the cash position for this model.
FEMX Trading Log
Fund Buy On Buy@ Sell On Sell@ P/L
FEMKX 03/26/07 $25.15 08/06/07 $29.53 17.42%
FEMKX 09/10/07 $28.98 12/28/07 $33.82 16.71%
FEMKX 04/28/08 $31.73 6/13/08 $30.81 -2.90%
CASH 06/13/08 $1.00
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