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Re: LAmerica post# 67810

Wednesday, 03/12/2014 12:50:29 PM

Wednesday, March 12, 2014 12:50:29 PM

Post# of 120648
Hello LAmerica, we will have to agree to disagree on today's close. I still think this stock needs to close in the red under the upper B band. It needs to rest and consolidate to move forward with strength. Just go back and look at the chart using the B bands and how the stock reacts to the bands.

As far as books, I can't remember what I have read in the past. I know Tom uses the Fibs and volume as much or more than the actual chart for predicting movement. The chart really helps me in the short-term mixing in the Fibs at swing points.

As far as reading up on chart indicators, short educational versions
can be found on stock charts.com and move to bottom of page and click on site map. Then click on chart school. Then click on chart indicators. Have a good one.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands