RE:RE:3 Day Rule
SC1, it only happens on the way UP not down.
You will see, a bunch of people who bought at $31-$35 now have a profit and will be selling
either later today or tomorrow.
One day when you have time, plot a 13 day EMA (exponential Moving Avg) on your chart.
You will see the following.
Imagine there is a RUBBER BAND between the PRICE and the 13 DAY.
When the price goes too far away from it, the imaginary rubber band brings it back.
If price is too far away, then
1) it must slow down and wait for the 13 day for maybe 5 days to come up to it before resumming,
or
2)the price comes down right away to the 13 day and stays there for about 3 days before resuming.
Check all stocks like NFI, EIF.
Please check... It is not only fundamentals that count.
I use BOTH.
Using only one is like using 1 arm and not both.