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GOSSSAMER

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GOSSSAMER

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Tuesday, 12/03/2013 4:00:13 PM

Tuesday, December 03, 2013 4:00:13 PM

Post# of 244703
the 3 to 5 bar decline rule is what I read once in an Oliver Velez book. After a stock declines 3 to 5 bars, he teaches his traders to buy 1/8th above the previous high of the last bar. But this is after the stock has risen above the 20 and 40 MA. The census is that neither the Bears or the Bulls ever win 3 to 5 battles in a row.
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