Just finished reading an article in SFO magazine where the author claims that squat bars when used along with certain wave patterns have an 80% accuracy in predicting reversals. I had never heard of squat bars. You take the number of trades that take place and devide that total into the range of the bar. When that number is lower than the previous two bars you have a "squat bar". They have written software that does this in realtime and are using it all the way down to tick charts. You could do the calculations by hand on daily charts. They claim it works on all time frames. I'm wondering if anybody is familiar with them and has done any backtesting.