Billy and Pascal,

Back in fall of 2008, the 20DMF issued a sell signal. Am I correct in understanding that signal didn't require confirmation from the inverse ETFs, which only came into play when the Fed entered the market through its POMO?

Also, in October 2008, the 20DMF gave a buy signal. In between the time it was short and then long, did the 20DMF fall into the pattern we're experiencing today, i.e., deeply oversold but not yet in buy mode? In other words, was it in cash?

If so, then the Robot backtest would have the Robot seeking a trade based solely on the LT/ST stats. Are those stats quite different than what we're seeing today? Did the Robots seek trades then or was it in cash?

I do understand and agree that relying on relatively few data points to trade the Robot makes no sense. My questions are more to gain a greater perspective on the contrast between 2008 and now in terms of the EV system.