It's a very interesting method TVIS, a shame you won't discuss more about it. It seems like you are using some sort of sentiment data to work out when majority of traders are trapped, this tells you when a reversal is likely imminent and the targets look like recent highs or lows, maybe weekly based on horizontal support and resistance. For you to determine that it has worked for 50 years or so, you would need 50 years of sentiment data so for this I could be wrong entirely. Shoot me a PM if you don't wish to discuss here. Not a hater just interested is all.