Yet had you read everything or taken the time to comprehend everything you would have not made such a statement.
I quoted the following before I started this portion of pattern talk, which is far from finished and for now will remain so.
“While I don’t use patterns very much as they aren’t very reliable it might be of interest to some.”
I went on to say.
“Another issue is that over the years this phasing has been fairly predictable as to when it’ll go off course.”
This we can do with about 80% accuracy with no other tools other than going back over the years. However, we have a much higher % rate of success with this by working with our I/T and S/T systems.
Since 1975 our S/T system is about 94% accurate in projecting S/T swings and near 98% in projecting I/T & L/T swings and has never missed a long-term projection since its inception in the mid 50s.
Note, I said projecting.
Making the call 1-3 days or maybe a week or so in advance is very different than projecting. Regardless, I’ll take 94-98% to the casino any day.
In March 2008 we were looking for a confirmation wave. If we saw it that would suggest one should stay in or long the market. Many were concerned about their funds and a couple weeks after talking about the confirmation wave, I revealed that the confirmation wave had failed.
Again, go back to my big picture projection call from April of 08 and see how accurate that was.
The above is all here if one takes the time to look for confirmation to my comments.
Anyway I went on to say,
“Regardless, it gives us clues and in many cases confirmation to the expected bigger picture.”
Thus we mainly use this as confirmation to the expected bigger picture projections. Within our big systems we have 57 indicators. This is one of 57 and within those we have 5 confirmation tools.
