Yes, bouncing off of the bands and back to the EMA. I am still not sure Why it happens but it does Eh? You've got me again with the abbreviations <GG>. What does SD mean? I am not sure how to set up a chart with any indicators other than the Bollingers and moving averages. I just kind of draw the trend lines in my head. I just use the Free websites for my charts and that has been a bit of a detriment. I would think I know what you mean by setting up an envelope channel 1 deviation from the EMA but not sure how to do it <GG>.
Moving averages are crossing over and looking for support at the previous resistance around 9770, as called Don <GG>. Now the price, if it finds support, should move back to the moving average and then, Hopefully in my case, continue down.
Any opinion on the support and resistance theory Bernard and I are using on the indexes Bird of Prey? Do you think that we may be on the right track for a trading strategy here?
TIA, Bob :^)
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