After four months of so of chop in the market that resulted in losses for the Alphahorn Swing System, the system has accomplished what it was designed to do, catch trends and ride them for all they’re worth.  The System went long as early as late June for Real Estate, but in July for most indexes and since then it has racked up significant returns from the high teens to an amazing 48% for Energy.  Now, as the 30 min chart shows below, it is bumping up against key resistance at the upper channel line and it’s time to protect profits.  With gains up over 33% YTD, the system will set very tight stops (at this morning’s open and perhaps moving up from there) in anticipation of wave (4) beginning very soon.