Quote Originally Posted by TraderD View Post
Pascal, how do you explain the (admittedly anecdotal) observation that test results of models that use 20DMF invariably show 2010/2011 performance to be lower (typically much lower) than 2008/2009 performance? Is there a reason to suspect the market is becoming more "efficient" in arbitraging away the edge attributed to money flow rotation?

Trader D
Simple: 2008 and 2009 were trending markets. Crash and reversal from a deep bottom.


Pascal