However, if the Tick should rise over +1000, the market will likely soon reverse because it has become over bought. The reverse is also true. If the Tick should fall below -1000, the market will likely reverse because it has become very oversold.
Agreed, but reversal is normally short term. The days that we get tick readings +1000 are likely going to be positive days. IMO the reversal from a +1000 tick reading is usually short lived and, if accompanied by an up day with strong volume, is time to get long or add to longs.
