Dr Worm - That has been my experience too. Overrated indeed. It is most helpful for me to confirm when a bottom is in... when used with other indicators. I find it misleading to use for identifying tops, so I don't use it for tops.
Jan 4 - We have transitioned into a bear market. Completely different rules apply. May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.