Hi Kings, You're welcome, and yes, the bollie
Post# of 2559
Posted On: 07/08/2014 11:58:16 PM
Hi Kings,
You're welcome, and yes, the bollie bands are the Bollinger Bands. Below is a link to help you understand. Simply stated, a stock will trade within the bollie bands 88% of the time. When a stock gets too far outside the bollies (I use 50% or more of a candle), whether the upper or lower, it will return within the bollie shortly. Whether in a day, two, or more, that's for us to figure out. But I've found that when I take profits when outside the upper bollie after a sharp move higher, it almost always results in a smart move, along with a decent profit. Trying to snag a stock that's falling outside the lower bollie is a bit more difficult as panic selling can last for days.
http://stockcharts.com/school/doku.php?id=cha...nger_bands
You're welcome, and yes, the bollie bands are the Bollinger Bands. Below is a link to help you understand. Simply stated, a stock will trade within the bollie bands 88% of the time. When a stock gets too far outside the bollies (I use 50% or more of a candle), whether the upper or lower, it will return within the bollie shortly. Whether in a day, two, or more, that's for us to figure out. But I've found that when I take profits when outside the upper bollie after a sharp move higher, it almost always results in a smart move, along with a decent profit. Trying to snag a stock that's falling outside the lower bollie is a bit more difficult as panic selling can last for days.
http://stockcharts.com/school/doku.php?id=cha...nger_bands
(0)
(0)Scroll down for more posts ▼