AJ
I would love to go through it all again but it is exhausting.
If you can, study the 4:30 SPI close and the XJO close and you will see it as a contrarian indicator.
You need to get a long history to understand all the nuances.
It is important that the majority of a traders time is spent on research and not chart watching or money counting.
I believe Anthony Hordens (department store that I think has vanished) had as its emblem a huge tree and the saying "while we live we grow" or some such inane saying. Someone will correct me here hopefully.
I am as guilty as most I suspect, in that I don't research enough, anymore.
You are asking a question so I am not putting you in that category so long as you gather the data and study it.
Some are reluctant to spend money on research. I have spent hundreds of thousands on research I guess, and at times have considered it wasted money.
Yet, sometimes a minor aspect is a catalyst in the bigger picture.
Like Gary Player, the golfer, who when he kept sinking shots out of sand bunkers was told how lucky he was, he agreed and said "Indeed, and the more I practise, the luckier I get".
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