Of the last 100 60 min Phase 1 cycles, 42 of the cycle lows actually exceeded my projected low, meaning the price went lower than my projection.
24 of the cycle lows was less than 10 points above the low projection.
So 42 + 24 = 66
So that means 34 of my projections was off by more than 10 points.
So I guess I would be a good contrarian. Of course them 42 times that the market went lower. That could hurt! OUCH!!
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."