Direct link to rule of 3. If I may interject, scams idea was clearly detailed years ago on the spy clearstation board. However, that being said, the original concept distorts greatly as its passed from one person to the next across the internet boards.
The link below is direct data compiled by Ken Wong from scammans posts.
I think the idea has great merit but needs some footnotes like: its a heads up not an 'act right this second' indicator. and you need to be darned nimble to catch the very possible 100% oex put gains and last but not least, you need to be able to determine whether those pc ratios were from positions being 'opened' or closed.
You CAN time the market!
But only after you trash the big 3 myths.
Myth 1 - its possible to get every point of every move ...Myth 2 - you'll never have a drawdown ......Myth 3 - you'll never have a loss