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sirius22

01/07/10 6:41 PM

#109745 RE: xclr8r #109736

So I have never tried to annotate a chart and obviously I need to work on it but the Bollinger bands are the two green lines (labeled BB in key) above and below the daily candles. Note how wide apart they got (the lower bollie went completely off the chart below) after the December 1st run when the 5c-211 was approved.

On Thursday, December 10th the lower bollie started to come up, quickly.

Right around the 29 to 30 of December the two Bollinger bands pulled together in this relatively tight, symmetrical channel that they are in now (basically paralleling each other on the y-axis (price)).

This can be interpreted in many ways and I leave it up to some others here to help do this. My understanding is that Bollinger bands that pull tight are either just an indication of price stability (can be good or bad) which, in the case where you expect significant news and and bullish move to commence, that a significant "run" or "breakout" is possible.