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SerialThriller

07/21/17 9:03 AM

#10101 RE: wavetrader8x #10092

6 days after the gap up, TMPS hit a dollar. Then it went straight downhill, and that trend has not wavered. TMPS went back to the gap, which is proof that the 3-day rule did not work on this stock.

if a gap/window doesn't get tested within 3 days then there's a higher probability that it continues into that direction.


Yes, it did continue in the upward direction. That's why it hit a dollar, but that's gone, now. the trend has reversed.

I'm not going to throw all my money into TMPS at .45 just because TMPS went uphill for 3 straight days after a gap that happened a month ago.