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mattchew

07/16/09 11:10 AM

#38615 RE: stockdiety #38614

LOL
I am not that smart, but bollinger bands measure volitility.
The pps usually trades with in the BBs.
When the pps moves out of the BBs, it is expected that the pps will move back inside the BBs, in a nut shell.
As far as the Trades Army(Bollinger Bands Boogie) is concerned, the technical indicators predict a pps breakout which can result in gains measured in the thousands percent wise(100-1000%+).
When looking at a chart for the boogie set up, the first thing I look to see is the linear regression line punching through the upper or lower BB(I personally look for the LGL to break the lower BB).
We have that!
Then, I look for the chandle to break above the BBs.
We have that!
Now I am looking for the candle to move back inside the BB and for the pps to trade inside the BBs for at least a couple of weeks.
We do not have that yet and it may not happen, but I am keeping an eye on the chart and I will get soulwashers opinion on the chart as well.