Triple 000 and Sub-penny Chart Plays

[trader53]

WNTR 0.0093 - the 3 to 5 bar decline rule

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.

Courtesy of GOSSSAMER

http://stockcharts.com/h-sc/ui?s=WNTR&p=D&yr=0&mn=2&dy=0&id=p16821326465