ETF SWING & DAY TRADING

[Torqputty]

ALL Bollinger usage

i'm looking for comments on bollinger use.

I used to have a headache looking at bollingers. But i'm starting to get a feel for it since the last QQQQ RSI-5 play. Pls let me know a particular bollinger play you have used or witnessed.

here is what i know so far;
1, price moves from outer then target is mid-line
2, price crosses mid-line target is outer,
3, bands tighten means big move coming
4, price penetrates the outer band then bounces you back in
5, bands are better used in conjuction with other trends.

i have not figured out when/how/why price hugs the line

QQQQ bollingers (today)
i say price will go up tomorrow based on tighten bands and daily support line

SMH bollingers (today) my bet is long.
but based on bollinger and today breaking support, i say price will go down,
and based in conjuction with rsi-5 (in the buy zone), i say tomorrow is up.

so be here tomorrow to witness bollingers in action

QQQQ
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p89077701418

SMH
http://stockcharts.com/h-sc/ui?s=SMH&p=D&yr=0&mn=6&dy=0&id=p89077701418