" My grandfather once said to me, Mark, sell what everyone is buying; buy what no one wants and you will be a success. Well, Mark D Cook has sold this stock market. I will buy but it will be when the S&P futures is below 1100. I am the lone wolf of bearishness." http://www.markdcook.com/index.cfm?page=Commentary-17-10/11/07
I took Mr. Cooks class and am aware of the Cook Cummulative tick (I know the calculation) that he weighs so very heavily into his longer term decisions. His indicator can show overbought for the better part of a year before the market actually turns. His long term positions can go way under water for very long periods. He admitted this to me in person. So, be prepared to take a LOT of heat.
This is gonna be a strong christmas season... then when 2008 comes around I would start to be worried.
I have a great deal of respect for his talent. Some of his ideas have helped me profit a great deal but it looks like his CCT has been firing for at leat a year now if not quite a bit longer.