I thought Cliff was referring to the Swing Trade Portfolio, which you mentioned was down 16.5% in 2015: "SWINGTRADE PORTFOLIO 12/31/2015 Update: +410.20% Since Oct. 1 2009 Inception The SwingTrade Portfolio has had exceptional performance since inception but was unfortunately down 16.5% for the year." http://investorshub.advfn.com/boards/read_msg.aspx?message_id=119550318