Here are the 4 charts that illustrate my prior pos
Post# of 72440
Here are the 4 charts that illustrate my prior post. I ran out of edit time.
First the 11/09/11 example of a rally after a B band exit and the setting of resistance at .77 But note in each example, there was some action lower, but you had to be nimble to catch it (2-4 days) as it was the start to a rally.
Next the second example 5/22/12 Again, better be fast because outside the B band just signaled a run-up, not a long pull back.
Then we see just how important resistance at .77 became, so it took an 8 day battle on high volume before there was a successful break-out.
Finally, today's chart, now we see the recent examples where the B band exit was a good sell point. But what about my first examples?
= B bands exits not high accuracy signals for CTIX.
Notice also no re-entry after B band sell #3, unless you used the green diagonal trend-line, the better entry, support in an uptrend, just like resistance is better.