Kraig Biocraft Laboratories Inc (KBLB)

[es1]

The way I see it the JCP are just another type of indicator but it is not a crystal ball. It is more like an emotion meter to gauge what the market is feeling as a whole.

Used alone I think the success rate was about 40% of every trade made. Using common indicators was around 15%.
The book I mentioned has the figures in it base on every pattern made in every stock traded for over 10 years. It is an incredible amount of information. They give the success rate of every pattern and how often it was a win or lose over that 10 years. I think it was billions of patterns. They also have a comparison when used with typical indicators. Using 2 or 3 common indicators with the JCP the success rate was way up around 70% wins.

I use to think that JCP was right up there with big foot and the loc ness monster but it has proven it works for me many times. It works exceptionally well on KBLB. Just look back over the past 2 years at the patterns and they work most of the time.

To answer your question I think the news will cancel out any pattern that was forming when the news hits but it will just start a new pattern immediately