'BTD Index' generated an Exit Signal for Today's Close, 8/20/2009: books +51.75 NQ points/contract in 3 days.

• 'BTD Index' generated an Exit Signal for todays close...this trade is different than the discretionary NQ swing trade discussed in the previous post...
• the Modeled position (NDX) posted a 3.11% gain, with the actual Trading position (NQU09) posting a 3.28% gain (including commissions), slightly better than the model....
• the 3.11% modeled gain is slightly better than the 2.71% average gain for profitable trades for the model...
• this profitable trade created another new high for this model's Equity Curve...the position was held for 3 trading days.
• on june 15 this model generated its first entry signal since december 2007...the current exit represents the 3rd trade for this model since the june entry...all have been winners...the holding period has decreased with each trade (8 days, 4 days, 3 days), suggesting that recent snapbacks after each entry have been getting quicker...don't know if this observation has any predictive value...
• the concept of buying short term dips during longer term uptrends in the NDX continues to be robust...
• the key to maximizing the profit potential from this concept is to strictly define the following: shorter term dip, longer term uptrend, price target exit, max holding period...