Do you remember who it was it who said a stock returns to previous highs when it reverses all on the same day?
Nope neither do I because nobody ever has!
Do you remember the picture of a share price chart in Technical Analysis for Dummies which shows a jagged line of ascent as the share price of a stock with the comment:
“No share price goes up in a straight line”
Remember that one at all dude?
I do. I’m not sure many remember that part of technical analysis. Even a book for dummies got that part spot on!