5-7-Reversal Proves correct

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5-7-Reversal Proves correct

posted on May 04, 2011 11:27AM

I wrote in this morning comments that when a stock as 5 to 7 consecutive red days (or green for that matter), one is to expect a reversal. I had a trend line alert set in QuoteTracker and when it crossed, that would be my signal to buy...

iSign Media Solutions Inc. (TSX-V: ISD) Got the alert at $0.34 and bough into it. Just closed position on it as I think we'll see a bit of a pull now. 5-7-Reversal proved to be correct than provided 14.7% gains.

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Cheers!

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