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In case you Need some reference that mean reversion works, here...

  1. absolut-advance
    558 Posts.
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    09/02/09
    15:29
    Post #: 4776192
    In case you Need some reference that mean reversion works, here is a chart of IPL



    Same set up, IPL after its large fall reverted to its adaptive mean Price, the middle line between the price bands.

    I had a price Target of $2.10 based on mean reversion/ with a overshoot possible to $2.20 which was technical resistance.

    AA
    VMG Price at posting: 15.9¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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