looks like we had a cvr3 buy signal at close today. has anyone backtested this? http://biz.yahoo.com/tm/030728/10468_3.html CVR 3 Signal Now, let's move on to the CVR 3 signal and then we'll talk about entry and exit. My CVR 3 signal was co-created with Dave Landry. What we found is that when the VIX moved 10% away from its 10-day moving average, it identified a market that had been "stretched too far" and was likely to reverse. In fact, over the last nine years, it has correctly predicted a two- to three-day reversal better than 68% of the time. The rules for the CVR 3 are as follows: For Buys: Today, the low of the VIX must be above its 10-day moving average. Today, the VIX must close at least 10% above its 10-day moving average. If rules 1 and 2 are met, buy the market on the close. Exit (on the close) the day the VIX trades (intraday) below yesterday's 10-day moving average (reversion to the man). Or exit within two to four days.