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cintrix

01/16/04 9:27 AM

#50 RE: Ruellit #49

Well now that you bring up Bollinger Bands, I have a question:
When the price comes close to one of the bands, upper or lower, that usually indicates a reversal, right? But if it price breaks through those bands, that's an indication of strength in that particular direction, right? Then, how do you know when say a price is heading towards the upper bollie, if it is going to reverse or break through? I find this whole concept a bit confusing - do you use other indicators when the price nears one of the bands?