AI
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| Alias Born | 07/15/2002 |
Tuesday, November 26, 2002 7:07:04 PM
MM... In this kind of a market (IMHO) a person should become familiarized with the Bollinger Bands. These things work best in this type of sideways/volatile market.
...an example of a bullish BB signal-- here's a quiet trader that buildings a base, you'll notice the bands are starting to narrow. A narrowing band means a lack of volatility -- and stocks tend to erupt from flat uptrending bases.
...another example of a stock where you can just trade the tops and bottoms of the bands.
FWIW, it's one of my top three indicators.
Regards,
Michael
...an example of a bullish BB signal-- here's a quiet trader that buildings a base, you'll notice the bands are starting to narrow. A narrowing band means a lack of volatility -- and stocks tend to erupt from flat uptrending bases.
...another example of a stock where you can just trade the tops and bottoms of the bands.
FWIW, it's one of my top three indicators.
Regards,
Michael
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