We hit the 180 neighborhood yesterday as I indicated in the weekend post, (which by the way is also where the year started) and bulls have held the line. I would like to say I am optimistic and things are looking to get better, but this is not the case. I see no indication that the decline is over yet, there could be a bounce but I think we have at least one more stab at the lows before anything can get better.
The system has not traded this decline so far, so on one hand you could say it was smart enough not to get caught and lose money, but on the other hand we are also not making money right now, I hope it will change soon. If we look back from the beginning of the year the system is WAY WAY ahead of the market, so that is good news.