I finally got a much better video working. The "How to test a trading system' is reposted. You can actually see the numbers that I was discussing. Have a look again, at How to test a trading system. (This is a video with sound).
The SGX Nifty suggests a 100 point gap up. That is strong, bubble like momentum. Traders have two options : (a) Buy the gap, or (b) fade the gap. Such a large gap does not offer much more prospects for intra day gains. The possible trades are, (a) buy a severe intra day dip, or (b) sell a rally that begins after the gap open. The selling is done only if the Nifty continues to rally after a big gap, then begins a consolidation at higher levels. The consolidation acts as a stop loss for the sell.
The Market does seem to be going beyond itself, before the election. Please see my earlier post on the possible scenario if markets continue to move up before results.