Double Tap. It's just a mini-version of a double bottom on the RSI, but when combined with other indicators, or when the double tap is done right at a support line on the rsi (remember, I draw support and resistance lines on the RSI and follow those more than the support/resistance lines of the actual price of the stock), it's worked great for me.
The S/R lines of the actual stock is very important, I'm just saying that again, its just something that I've noticed and it seems to work very well for me.
ELTP may very well go to $.35 to fill a gap there. I did the exact same thing on ELTP that I did on LJPC. Got into both trades having had no sleep the night before and tried to catch a falling knife. I waited out LJPC and then found the great time to enter to avg down. Will do so on ELTP if it falls more. Am not concerned at the moment.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
