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MonestHind

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MonestHind

Re: Pharaoh-1 post# 32034

Wednesday, 10/02/2013 9:28:59 PM

Wednesday, October 02, 2013 9:28:59 PM

Post# of 46383
I mean really...how does one come to the conclusion looking at that chart that the middle Bollinger band is a good indicator for resistance? That chart shows zero relationship between the middle BB and price action. It is a lagging indicator that is literally worthless for a stock that is almost entirely driven by news.

MiddleBBresistanceonFMCCweeklyLULZ

Is the V formation still in tact orrrrr? Haha
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