{"text_format":"2","workbook":"xls","n_sheets":3,"sheets":["Feuil1","Feuil2","Feuil3"],"not_rendered":{"charts":0,"images":0,"macros":0,"external_links":0,"defined_names":0,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"run_cost":"one","rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900","formulas":"cached_only"}

{"sheet":"Feuil1","index":0,"n_rows":77,"n_cols":13,"rows_kept":77,"cut":false,"hidden":false,"merged":[],"flags":["formulas_cached_only"]}
[null,"D1","D2","D3","D4","D5","D6","D7","D8","D9","D10","D11","D12"]
["2008-09-19",-0.038236606431462546,-0.05327150460528405,-0.05514389520986713,-0.036571373936322676,-0.033519775631832185,-0.11847053574274137,-0.0706887210377028,-0.07491155942250692,-0.11218408388309906,-0.12417535137202403,-0.15791025273289339,-0.20624183318991612]
["2011-12-09",-0.014914076753320236,-0.02347055027525716,-0.034552537862793775,-0.03142153777515759,-0.02830647153020656,-0.03970713597144667,-0.011066053744851456,-0.009138058779945687,-0.000948063639767728,0.00807845824138168,0.008158127454807646,-0.004421641345134963]
["2008-07-30",-0.013143755937271177,-0.018648871723794282,-0.027447713079905938,0.0004827682867956008,0.0038387865385514333,-0.014163798607758597,0.00939062183669969,0.016398548580505462,0.004150249949387139,0.0012224938875305127,0.006750969429866283,0.010854499867628093]
["2007-09-04",-0.01150112124182575,-0.007298142901263658,-0.024083200171879066,-0.025325294409904543,-0.012038243074485411,-0.011991244914127732,-0.0036725705308106693,-0.003471149843563315,-0.008573807253830338,0.020383773549435283,0.026594244739562983,0.019719085281518906]
["2011-09-07",-0.01061220403463967,-0.03703425606113687,-0.030326542190185306,-0.02148303882798552,-0.008292870133987275,0.008751731157497798,0.014508351270627974,0.00456358145200316,0.003061854465969259,-0.02658056765280064,-0.05761625869750209,-0.05188466736747245]
["2010-08-02",-0.004796333469525398,0.0012257296644343962,-4.4410495088158854e-05,-0.0037482457854438388,0.0017142451104045476,-0.004263407528467087,-0.0323219583251913,-0.03752686834952836,-0.04139946352121925,-0.04128399623398984,-0.029595153926775922,-0.02815625388591816]
["2009-06-09",-0.0034803645894124473,0.002610273442059396,0.004010907971944958,-0.01985293337436194,-0.0323207028638731,-0.03365767218785471,-0.025529747567458533,-0.02249503941937325,-0.05240707532654944,-0.05022123659051593,-0.044024489882537585,-0.023524293581486114]
["2012-01-05",-0.0025369615786926454,-0.00028101728256279954,0.00860225126067474,0.008914492685744674,0.011271915445022134,0.0062682466082774994,0.009843410925327563,0.021060684120962344,0.026103383135840676,0.026790314270994462,0.027274288479852665,0.026220473670241946]
["2010-11-05",-0.0021209772810702036,-0.010156218134355606,-0.005824529918015967,-0.010042011665375002,-0.021731859526043052,-0.022922869845413314,-0.03875678100909573,-0.03855284088591589,-0.02378757596769577,-0.02130766406982901,-0.02284945140106864,-0.036807113431496424]
["2010-02-24",-0.002090043791393675,-0.000678585646556404,0.009473055625927426,0.011825485867322877,0.012259780681118992,0.016041764684593406,0.03026491983641566,0.030093011472621323,0.03184828634504727,0.03658029025370061,0.040715138793384245,0.04048894357786544]
["2011-04-29",-0.0017527005522105829,-0.005126099104582695,-0.01194623096046521,-0.02090773754959262,-0.017167665241527897,-0.012701578897191966,-0.0047300914484345365,-0.01578897192012377,-0.010970878770322753,-0.01894969969419403,-0.025036484038691322,-0.025395824319270087]
["2010-12-03",-0.001298266528402761,-0.0007838590360167194,0.002914975790187013,0.006768949383935759,0.012811196119897816,0.012827526516481481,0.013782854716626696,0.008589788603016209,0.01482800009798226,0.01567718072033383,0.018265548578847147,0.024405777694311202]
["2009-07-16",-0.0003826774666751851,0.011044496885430605,0.014711822607734371,0.014169696196611221,0.03778939983417305,0.040946488934243234,0.04405042838616402,0.041329166400918424,0.03657758785636836,0.04890830622701277,0.04968429108999299,0.06578863447923973]
[null,-0.008220468435069406,-0.010912969598375835,-0.01151200358705631,-0.009783906223364123,-0.005668635713291346,-0.013310960445685234,-0.0049942566685910305,-0.006142285230071558,-0.010284737423991488,-0.009605976804843413,-0.01227611400870423,-0.01453493942691454]
[]
["2010-03-02",0.0004292190895190226,0.0041670019940804265,0.01822392717582791,0.018054027952893254,0.01978878843969929,0.024465488102583477,0.02855201151737896,0.02832845990825448,0.028793447255233386,0.0367965948618899,0.04283248830825093,0.04248374779801664]
["2010-01-05",0.0005455249357689423,0.0045489740611692475,0.007443775736458696,0.009203533593777529,-0.00026396367859778493,0.008059690986520327,0.010505754408193482,-0.0004311406750431221,0.012063140111920632,0.0017773554358920052,-0.017632773730334676,-0.03938338084679548]
["2010-04-14",0.0008425226118200815,-0.015297567422458993,-0.010845413620782314,-0.0028744889109156386,-0.003898732086069489,-0.0016354850700037319,0.00547639697683053,0.0011564035848510002,-0.02225250898277789,-0.015933589394127277,-0.003196629909552817,-0.01979928137777229]
["2010-06-16",0.0012829599590888866,0.002601806910040365,-0.0012650164631573865,-0.01731547357371633,-0.02024923515848587,-0.036712392675464826,-0.033958066050008444,-0.03592287885448719,-0.06582571482401907,-0.07527296543185498,-0.07826952925238426,-0.08256699652793342]
["2009-02-06",0.0014851485148514433,-0.04770895694220591,-0.0401335482385448,-0.03846419525673494,-0.048077365876122484,-0.0914460050656229,-0.09230370711489762,-0.10322357817177062,-0.1134584388671426,-0.14422058484918257,-0.10990099009900994,-0.11938752014736362]
["2008-04-04",0.0015615878575597436,-0.0035464098073556094,-0.011609748978400525,-0.007187682428488132,-0.02741535318155295,-0.03070636310566269,-0.026247810858143625,-0.0041520723876240905,-0.0035318155283130073,0.01454319906596602,0.012967016929363676,0.0040426152948044095]
["2009-09-17",0.0026372842541928553,-0.0007789843170747049,0.005790762935363141,-0.004336033186609089,-0.013805854583337277,-0.019812480642708893,-0.0023557236576598473,-0.004580052370271057,-0.00789308205614326,-0.03344939886812649,-0.03780420276117089,-0.023491539104074154]
["2009-11-12",0.005739303189728128,0.020289908391891345,0.021228063720981502,0.02074978845517084,0.007045362569441964,0.003807806923954325,0.017475442404620876,0.016932783929951144,0.021513189360214947,0.003908980537875722,0.0077167874618300466,0.019885213936205338]
["2009-10-16",0.00940533980582526,0.0031075316269489938,-0.005764563106796099,0.004808399529273332,-0.007428655486908056,-0.019058914386584306,-0.022313548102383035,-0.04141843189173282,-0.019831200353045163,-0.04733929096793175,-0.04118858487790522,-0.03886253309796997]
["2007-08-30",0.011182459317801345,0.02180236546746794,0.010050492577042248,0.014345105787437126,-0.002805905436184617,-0.004075080266732564,0.009501660217886383,0.009549683049312481,0.018049724211739487,0.018255536346422914,0.013041628934441968,0.042630553497434116]
["2007-12-05",0.015036935778210199,0.01323223412636958,0.020841610494205458,-0.004956195581174471,0.001063965899219485,0.0022895468717382987,-0.011488138127015943,-0.02633652298637713,-0.02022208604655859,-0.021555410401276752,-0.01676082989340146,-0.0003703678763105666]
["2008-10-30",0.015365426741711964,0.012797534823758684,0.0541458352985567,-0.001383517278244243,-0.05157794338060354,-0.024211552369273363,-0.036558395958452554,-0.0577932899412005,-0.10668804829733051,-0.04485949962791777,-0.0846880273349475,-0.10831263298011722]
["2009-03-17",0.020845113864185506,0.007608081015781575,-0.012311725697835861,0.057574667146455503,0.03615123631316506,0.045956921811545766,0.0703490464195754,0.04860432838122661,0.012093250398396094,0.025381689199609314,0.04235850511489235,0.07230247262633012]
["2008-12-05",0.038387343477119404,0.014382412364308683,0.026447658292145557,-0.0028308240209115915,0.00417774835344204,-0.008560959740659992,0.04235962879678553,0.03236042781969467,0.010512858561530383,0.01348065793829254,-0.005068088166470778,-0.014736265366922827]
["2008-11-03",0.040825830487426315,-0.01400186277553552,-0.06356204077408668,-0.03654144675566589,-0.048732277760529776,-0.06969885128841966,-0.11797578391803788,-0.0569284901169409,-0.09625375142295353,-0.11957984062920414,-0.11091793438890608,-0.16529028252095615]
[null,0.011038133325653938,0.0015469379678124077,0.0012453379567318355,0.0005897110315031507,-0.0104018790035616,-0.01475590866098605,-0.010598748869688519,-0.012923624714810471,-0.02352873576528325,-0.025871104452244886,-0.02576741091102031,-0.02872374644622834]
[]
[]
["All figures are calculated on the S&P500"]
["D1 means one day after the MF/Price condition was reached."]
["The two groups are ranked by the returns in D1"]
["The stronger the return in D1, the deeper the fall-back!"]
[]
[]
[]
[]
[null,"D1","D2","D3","D4","D5","D6","D7","D8","D9","D10","D11","D12"]
["2008-11-03",0.040825830487426315,-0.01400186277553552,-0.06356204077408668,-0.03654144675566589,-0.048732277760529776,-0.06969885128841966,-0.11797578391803788,-0.0569284901169409,-0.09625375142295353,-0.11957984062920414,-0.11091793438890608,-0.16529028252095615]
["2008-09-19",-0.038236606431462546,-0.05327150460528405,-0.05514389520986713,-0.036571373936322676,-0.033519775631832185,-0.11847053574274137,-0.0706887210377028,-0.07491155942250692,-0.11218408388309906,-0.12417535137202403,-0.15791025273289339,-0.20624183318991612]
["2009-02-06",0.0014851485148514433,-0.04770895694220591,-0.0401335482385448,-0.03846419525673494,-0.048077365876122484,-0.0914460050656229,-0.09230370711489762,-0.10322357817177062,-0.1134584388671426,-0.14422058484918257,-0.10990099009900994,-0.11938752014736362]
["2011-12-09",-0.014914076753320236,-0.02347055027525716,-0.034552537862793775,-0.03142153777515759,-0.02830647153020656,-0.03970713597144667,-0.011066053744851456,-0.009138058779945687,-0.000948063639767728,0.00807845824138168,0.008158127454807646,-0.004421641345134963]
["2011-09-07",-0.01061220403463967,-0.03703425606113687,-0.030326542190185306,-0.02148303882798552,-0.008292870133987275,0.008751731157497798,0.014508351270627974,0.00456358145200316,0.003061854465969259,-0.02658056765280064,-0.05761625869750209,-0.05188466736747245]
["2008-07-30",-0.013143755937271177,-0.018648871723794282,-0.027447713079905938,0.0004827682867956008,0.0038387865385514333,-0.014163798607758597,0.00939062183669969,0.016398548580505462,0.004150249949387139,0.0012224938875305127,0.006750969429866283,0.010854499867628093]
["2007-09-04",-0.01150112124182575,-0.007298142901263658,-0.024083200171879066,-0.025325294409904543,-0.012038243074485411,-0.011991244914127732,-0.0036725705308106693,-0.003471149843563315,-0.008573807253830338,0.020383773549435283,0.026594244739562983,0.019719085281518906]
["2009-03-17",0.020845113864185506,0.007608081015781575,-0.012311725697835861,0.057574667146455503,0.03615123631316506,0.045956921811545766,0.0703490464195754,0.04860432838122661,0.012093250398396094,0.025381689199609314,0.04235850511489235,0.07230247262633012]
["2011-04-29",-0.0017527005522105829,-0.005126099104582695,-0.01194623096046521,-0.02090773754959262,-0.017167665241527897,-0.012701578897191966,-0.0047300914484345365,-0.01578897192012377,-0.010970878770322753,-0.01894969969419403,-0.025036484038691322,-0.025395824319270087]
["2008-04-04",0.0015615878575597436,-0.0035464098073556094,-0.011609748978400525,-0.007187682428488132,-0.02741535318155295,-0.03070636310566269,-0.026247810858143625,-0.0041520723876240905,-0.0035318155283130073,0.01454319906596602,0.012967016929363676,0.0040426152948044095]
["2010-04-14",0.0008425226118200815,-0.015297567422458993,-0.010845413620782314,-0.0028744889109156386,-0.003898732086069489,-0.0016354850700037319,0.00547639697683053,0.0011564035848510002,-0.02225250898277789,-0.015933589394127277,-0.003196629909552817,-0.01979928137777229]
["2010-11-05",-0.0021209772810702036,-0.010156218134355606,-0.005824529918015967,-0.010042011665375002,-0.021731859526043052,-0.022922869845413314,-0.03875678100909573,-0.03855284088591589,-0.02378757596769577,-0.02130766406982901,-0.02284945140106864,-0.036807113431496424]
["2009-10-16",0.00940533980582526,0.0031075316269489938,-0.005764563106796099,0.004808399529273332,-0.007428655486908056,-0.019058914386584306,-0.022313548102383035,-0.04141843189173282,-0.019831200353045163,-0.04733929096793175,-0.04118858487790522,-0.03886253309796997]
["2010-06-16",0.0012829599590888866,0.002601806910040365,-0.0012650164631573865,-0.01731547357371633,-0.02024923515848587,-0.036712392675464826,-0.033958066050008444,-0.03592287885448719,-0.06582571482401907,-0.07527296543185498,-0.07826952925238426,-0.08256699652793342]
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[]
["2010-08-02",-0.004796333469525398,0.0012257296644343962,-4.4410495088158854e-05,-0.0037482457854438388,0.0017142451104045476,-0.004263407528467087,-0.0323219583251913,-0.03752686834952836,-0.04139946352121925,-0.04128399623398984,-0.029595153926775922,-0.02815625388591816]
["2010-12-03",-0.001298266528402761,-0.0007838590360167194,0.002914975790187013,0.006768949383935759,0.012811196119897816,0.012827526516481481,0.013782854716626696,0.008589788603016209,0.01482800009798226,0.01567718072033383,0.018265548578847147,0.024405777694311202]
["2009-06-09",-0.0034803645894124473,0.002610273442059396,0.004010907971944958,-0.01985293337436194,-0.0323207028638731,-0.03365767218785471,-0.025529747567458533,-0.02249503941937325,-0.05240707532654944,-0.05022123659051593,-0.044024489882537585,-0.023524293581486114]
["2009-09-17",0.0026372842541928553,-0.0007789843170747049,0.005790762935363141,-0.004336033186609089,-0.013805854583337277,-0.019812480642708893,-0.0023557236576598473,-0.004580052370271057,-0.00789308205614326,-0.03344939886812649,-0.03780420276117089,-0.023491539104074154]
["2010-01-05",0.0005455249357689423,0.0045489740611692475,0.007443775736458696,0.009203533593777529,-0.00026396367859778493,0.008059690986520327,0.010505754408193482,-0.0004311406750431221,0.012063140111920632,0.0017773554358920052,-0.017632773730334676,-0.03938338084679548]
["2012-01-05",-0.0025369615786926454,-0.00028101728256279954,0.00860225126067474,0.008914492685744674,0.011271915445022134,0.0062682466082774994,0.009843410925327563,0.021060684120962344,0.026103383135840676,0.026790314270994462,0.027274288479852665,0.026220473670241946]
["2010-02-24",-0.002090043791393675,-0.000678585646556404,0.009473055625927426,0.011825485867322877,0.012259780681118992,0.016041764684593406,0.03026491983641566,0.030093011472621323,0.03184828634504727,0.03658029025370061,0.040715138793384245,0.04048894357786544]
["2007-08-30",0.011182459317801345,0.02180236546746794,0.010050492577042248,0.014345105787437126,-0.002805905436184617,-0.004075080266732564,0.009501660217886383,0.009549683049312481,0.018049724211739487,0.018255536346422914,0.013041628934441968,0.042630553497434116]
["2009-07-16",-0.0003826774666751851,0.011044496885430605,0.014711822607734371,0.014169696196611221,0.03778939983417305,0.040946488934243234,0.04405042838616402,0.041329166400918424,0.03657758785636836,0.04890830622701277,0.04968429108999299,0.06578863447923973]
["2010-03-02",0.0004292190895190226,0.0041670019940804265,0.01822392717582791,0.018054027952893254,0.01978878843969929,0.024465488102583477,0.02855201151737896,0.02832845990825448,0.028793447255233386,0.0367965948618899,0.04283248830825093,0.04248374779801664]
["2007-12-05",0.015036935778210199,0.01323223412636958,0.020841610494205458,-0.004956195581174471,0.001063965899219485,0.0022895468717382987,-0.011488138127015943,-0.02633652298637713,-0.02022208604655859,-0.021555410401276752,-0.01676082989340146,-0.0003703678763105666]
["2009-11-12",0.005739303189728128,0.020289908391891345,0.021228063720981502,0.02074978845517084,0.007045362569441964,0.003807806923954325,0.017475442404620876,0.016932783929951144,0.021513189360214947,0.003908980537875722,0.0077167874618300466,0.019885213936205338]
["2008-12-05",0.038387343477119404,0.014382412364308683,0.026447658292145557,-0.0028308240209115915,0.00417774835344204,-0.008560959740659992,0.04235962879678553,0.03236042781969467,0.010512858561530383,0.01348065793829254,-0.005068088166470778,-0.014736265366922827]
["2008-10-30",0.015365426741711964,0.012797534823758684,0.0541458352985567,-0.001383517278244243,-0.05157794338060354,-0.024211552369273363,-0.036558395958452554,-0.0577932899412005,-0.10668804829733051,-0.04485949962791777,-0.0846880273349475,-0.10831263298011722]
[null,0.005338489239996412,0.007398463209911406,0.014560052070854397,0.004780237906867721,0.0005105737507016425,0.0014375290637639595,0.007005867683830069,0.002791506540209833,-0.0020228670222802608,0.0007718339193277122,-0.0025745281463599146,0.001709186500834993]
[]
[]
["If we order the trades starting with D3, we see that if we are positive in D3, we eitehr will be out of the trade or will end the trade with a break-even."]

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