Closed SIAF gap open for another 7%. (.84 to .91) Glad I did, @ .84 now. Hate large gap open emotion, signals exhaustion. Third time trading this one, I'm done there now. Third times a charm thing, total 27% banked. (15,5,& 7%) http://stockcharts.com/h-sc/ui?s=SIAF&p=D&yr=0&mn=3&dy=0&id=p00749265217
This one is a working TIP. Haven't seen the theory work enough to completely trust it yet. But it has worked several times so far.
Theory; When a run holds at or above FIBs 50% a week, second week produces new run.
The theory is based on phycology will follow sentiment after 1 week. So if a run hasn't broken down after the first week, investors will generate a new positive feeling of safely and start moving in again. Remember traders sentiment got the price pop. Investors invest in the up trend phycology.
We'll see.
This one, the TA isn't what I like and the theory has been used on big board stocks so far. But this is a free trading OTC, with a single bottom bounce. Acting just like a big board stock.
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