I suppose it might, but I learned that term and setup from Fari Hamzei... -3 touches ~ likely reversal / long watch +3 touches ~ likely reversal / short watch etc, etc http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52478411&txt2find=sigma http://stockcharts.com/c-sc/sc?s=WAG&p=D&yr=0&mn=6&dy=0&i=p84987440482&a=239471284&r=1338