It is not. I have a completely different system. Amazing what a difference a year makes. I see exactly why I was off last year. Also, that was a long term prediction which is extremely tough to make, where as this is only a 1-2 day directional move
I'm long. Thurs & Fri's sell offs were responses to overseas markets selling off. If we don't get attacked on the 10th anniversary of 9/11, overseas markets will probably rally on Monday. Since Wednesday's huge rally, they owe us one.
FYI there was a strong positive divergence forming an hour or so into the close. Someone was buying just like someone was selling into that short squeeze. Some traders are printing money.