yes you can chart prem. i don't see any 7 or 8 points, unless you give the forecasts a few minutes leeway in hindsight.
I guess I got a little off topic. My method really doesnt predict time....I would never try to do that. One thing I do look at is the length of a cycle. The next cycle often tends to be the length of the previous cycle. I just wait until a down cycle has exhausted itself and then look to buy. That means you are buying at the low and selling at the high Buying at the low is a lot more fun than buying at the high.
I suppose. I am not attesting to anything, just to what the poster alluded to. In hindsight it is clear that in a few occasions the system was 5 min off. but still pretty impressive imo.
Thats why I wouldnt relie on time predictions...actually, predicting anything is a waste of time. If you are 5 minutes off.....the SP can run five points during that five minutes making your entry a loser.
It depends of where you put your stops, your entry methods, etc.... I think market movements, as things that happen in the physical world can be predicted with some amount of accuracy. If not the weather man will always be wrong..