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kiy

02/11/12 11:23 AM

#17729 RE: desertcynlite #17659

You haven't missed much...Range bound market...
Only thing you may want to know is that I consider the 60 minute chart as proxy for the daily...and the 20,2 Bollinger Band as the setting of choice because the centerline=20period average= the 3 day moving average...3 day on daily chart is significant...its going to range the most inside the Bollinger Bands...other than the one moving average.
End results is if daily looks like a buy...step down to 60minute and see what it is saying...if it doesn't say buy...may want to wait until it does suggest buy...
And you are now on the previous post VXX and %B...
This chart shws 20period average best...and I have recently suggested that its alway nice when Transports lead the way...


With today's price action daily suggest down...but 60minute wants UP...what...? ...So what is Next...?...