Has anyone done any backtesting on entering SPI at 11am based on strength/weakness (i.e. go long if strong, go short if weak)?
Of course, it's money management whether the strategy's profitable or not but from the limited research I've done, it looks like:
1. strength into 11am is usually followed through
2. weakness into 11am is usually followed through
3. reversal (i.e. strength into weakness or vice-versa) is usually followed through.
Would anyone mind running this for me to see if it's statistically reliable?