Over the years, we have put out a number of articles introducing the various trading courses and systems that we publish at Institute of Cosmological Economics, but we have never followed up with reviews and examples of system performance in challenging market settings. A number of our clients have asked us how these different systems have handled the latest market top and ensuing drop that is currently slamming our economy, so I asked each author to provide me with a chart(s) and explanation of how their tools and rules have handled this year's downward move.
Sean Erikson's Trading with Selene's Chariot
Sean was the first person to provide me with a chart and analysis, not just of this last swing, but of all the major moves since the 2020 top and how the Selene's system would have handled it. Following is the chart he provided:
And here is Erikson's own explanation of these points and channels on the above chart:
A-B: was the 2020 crash. The red channel was known as soon as point A was in. When we moved out of this channel, we moved into the HUGE light blue channel. Note that we had a price target for this, which I've drawn. We're either long the whole time, or we zoom into smaller channels and get long/flat all the way up (but never short!)
C: This is the big top earlier this year in January. The market is forming a head-and-shoulders pattern here, right on top of our target zone. We've set up the pink channel at the point when the top was defined.
D: We drop into the low part of our blue channel for the first time since point B. If we can't break here, we're long up into the pink channel, which is exactly how it worked.
E: This is the right shoulder of the head-and-shoulders. It's in our target zone, and the pink channel is coming down on top of it. Easy selling point here.
F: Revisiting the channel line again. Sell more on the break of the blue upwards channel line.
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