You're right. Not sure what chart I was staring at the time I wrote the reply. Though you can't blame SG, the gravity of the situation probably made them not willing to guess whether or not it was gonna turn.
Quote from crgarcia: Yeah, but they sold exactly at the bottom.
Interestingly, it appears he did no trading from July 2007 thru December. His equity curve was dead-flat at that time.
He was "up" huge, too, at that time.