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A reader asked me to post the equity curves for the timing model, so here they are (click on charts to enlarge):

1973 - 2008, log chart:




















1973 - 2008, non-log chart:






















1973 - 2008, log chart, including leveraged model:






















1973 - 2008, non-log chart, including leveraged model:






















1/2006 - 1/2008 out of sample returns:



Source: Timing Model Equity Curves