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cintrix

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Re: Ruellit post# 49

Friday, 01/16/2004 9:27:50 AM

Friday, January 16, 2004 9:27:50 AM

Post# of 80
Well now that you bring up Bollinger Bands, I have a question:
When the price comes close to one of the bands, upper or lower, that usually indicates a reversal, right? But if it price breaks through those bands, that's an indication of strength in that particular direction, right? Then, how do you know when say a price is heading towards the upper bollie, if it is going to reverse or break through? I find this whole concept a bit confusing - do you use other indicators when the price nears one of the bands?
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