sqa said:1) That's not the Power of 3. For as simple of a concept it actually is, people (myself included) really do botch up the understanding really easily.
Power of 3: If you're expecting an Up Day, look to Buy below the Open. If expecting a Down Day, Sell above the Open. That's all it is.
2) Power of 3 isn't Dow Theory. SMT Divergence is "closer" to Dow Theory, but it generally operates on a much lower time-frame.
3) A lot of technical tools look "great" when we're on a Primary Trend in the USDX.