Chainik: What you say is true with respect ot his market. However, this signal seems reliable and has worked in both bull and bear markets.
Re: " in the past you were very good at picking mini-bottoms in declining markets."
Hey, my top call on this market made in early September has proven to be about 10 points off. I am king of the top pickers for now <g>. Nobody can boast on this front except me...for now <g>.