Not only is it never wrong, but the inverted spinglefluke formation is the most bullish of technical indicators there is.
I'm sure I speak for every single one who reads this when I say -- we thank you for generously sharing with us your time, effort, and expertise in pointing out when JBII makes an inverted spinglefluke formation. ALL if us owe you a huge debt if gratitude.
But, Sir, I am your greatest admirer! Not only is the spinglefluke the greatest discovery in the history of charting since Henry the Navigator, but its name becomes it most worthily. Please - what does spingle signify?
ethanol content in those esoteric factors for the spinglefluke pattern?
I have seen several remarkably reliable indicators born out of necessity when just the right percentage of EtOH was brought into the equation... my familiarity with this traces all the way back to first year calculus... Go Blue! And I have witnessed it so many times in the ensuing years in actual industrial production environments... often applied after hours, of course!
I'd even bet that a few of JB's refinements to the processor after the infamous ASBESTOS GLOVE delay also can be traced to such serendipity!