There is a strong possibility (50/50) I will make an entry Thursday into the S-Fund. I just finished my schoolwork and have a few more systems to crunch the data on, so I'll make my final decision based on the price action tomorrow. From what I'm seeing, I believe the bottom was put in either today, or sometime within the next 3-4 days. That's a 5-day window and as you've seen, a lot of devastation can happen in 5 days. If you decide to take an entry here (based on me) then you should know I have a 10.13% edge on the S-Fund which means I can absorb substantial pain at these levels. I have 2 systems showing strong buys and they don't just give a random buy, they are specifically configured for bull markets and are deadly accurate for what they do. The problem lies in they are not configured for a bull-to-bear market transition (I'm still working that definition) so if this was the beginning of a bear market, then all bets are off. I also have to deal with the fact that my back-tested data only goes back to Jan 2010, that might seem like a long time, but it's not. Therefore I consider these systems to be HIGHLY experimental.
You might be interested to know out of 110 trading days I've had 12 down days, that's a phenomenal 89% positive record, and it can't be maintained. I've also not sold for a loss this year, all IFTs have been profitable. It is what it is, I am an ever-evolving student of the trade and this is going to be a tricky market to play. If I do make an IFT there is a high probability it will be a 3-7 day play, only to be extended if price warrants a longer entry. Best of trades...Jason