If you remember .....
In our last two episodes of The Bradley Model we discussed the fact that an outstanding opportunity to test the model's predictive powers was upon us beginning March 1, 2010.
Click the chart below for the amanita.at site.
We also discussed the caveat invariably issued by Bradley believers that the model is better suited for predicting turning points than for determining market direction.
To which I say rude noise (pick your favorite).
I want my models to make me rich by virtue of infallible predictive power.
Maybe I am being unreasonable, but that's what I want.
So, as disclosed earlier, I'm short of the S&P 500 (to quote Dennis Gartman) and pretty damn happy.
Long of Gold, Canadian and U.S. Cash and pretty damn happy about that as well.
Below is the S&P 500 from December 2009 to May 21, 2010.
It doesn't physically line up with the Bradley chart above, the vertical lines fall on March 1, April 1 and May 1 respectively.
So you're gonna have to line it up in your own mind's eye.
And the verdict?
3/1 turned up, as did app. 4/1.
You can figure out the rest for yourself.
You can do what you want, but with the possible exception of more Gold, I'm not buying anything much before the middle of August.