sriranga wrote:
Another way of making great trades is using the little known multi day trading cycle.
Here's how it works
On the 3rd, 5th or 8th day a stock will generally reverse course! I know its hard to believe but its correct. Suppose a stock is falling. Very often the stock will halt its slide or even rebound on the third day. Now if it doesn't hold up on that third day watch for the Falling to stop on the 5th day and then again on the 8th day.
The 8th day is my favourite as you can make spectacular gains on this day. This is probably one of the best kept secrets around.
I totally agree with you and most of the time this was proved in CSE.
As you mentioned in another shared thread 'Follow through day' also to be noted.
Thanks a lot.