Replies to post #21725 on BOTTOM BU$$TERS

[SKIV2002]

Sure, you're welcome man.

Well, that's not a dumb question and the answer is actually simpler than one might expect.

Based on my understanding and analysis, during situations within which the price closes above the upper bollinger band, %B is above the 0 level, and the price closes below the previous day's close, red day, then the probability of a further decrease during the subsequent day is relatively high.

If the price closed at or above $0.113, then that would suggest a beginning of a reversal, a green day. However, if the trading range remains above the lower bollinger band, then the probability of a reversal is low and if a reversal does occur, then I would not expect a particularly powerful reversal.

I will wait until tomorrow and observe for a close below the lower bollinger band and for the %B moves above 0.10 level.