Tuesday, July 15, 2008 11:25:36 AM
A distinct tightening of the Bollinger Bands often presages a marked movement of the share price .... in one direction or another.
I lengthened the timeframe of this chart to show that the recent BB tightening was as tight as they've been during the last year. We have in fact seen a change in direction so far , fortunately upwards , and hopefully we'll see some upwards volatility soon which will expand the bands.
It will probably take some really good news.
JMO & FWIW -jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
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