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Thursday, January 07, 2010 6:41:45 PM
On Thursday, December 10th the lower bollie started to come up, quickly.
Right around the 29 to 30 of December the two Bollinger bands pulled together in this relatively tight, symmetrical channel that they are in now (basically paralleling each other on the y-axis (price)).
This can be interpreted in many ways and I leave it up to some others here to help do this. My understanding is that Bollinger bands that pull tight are either just an indication of price stability (can be good or bad) which, in the case where you expect significant news and and bullish move to commence, that a significant "run" or "breakout" is possible.
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