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Weekly QQQQ Bollinger, No Signal

Started by U.F.O. , Apr 28 2008 07:28 PM

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4 replies to this topic

#1 U.F.O.

U.F.O.

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Posted 28 April 2008 - 07:28 PM

A lot of energy building up in the Bollinger Bands off this pullback from 11/07 to 3/08. Bollinger Bands are all about the capture and release of energy. The "squeeze" produces (captures) the energy which leads to major market moves on the release. We're working on a doozey. I'm still bullish over the IT, but can see a ST correction that would draw in bear money. Either way, this might not be a "quiet" summer. (1 chart)

U.F.O.

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"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~

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#2 pedro

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Posted 28 April 2008 - 09:21 PM

Can't post a chart, but look at monthly BB 20ma for SPY. Going back to '03, and excepting the breakdown in Jan, the ma has held not only on closing basis but even intra-month. As support before Jan, R ever since. [1409 was the ma that held via stick save in Nov.] The current ma is a hair below 1414. My take is that any trade thru there changes the ballgame. And my FF is that we don't get there.

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#3 U.F.O.

U.F.O.

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Posted 28 April 2008 - 09:58 PM

pedro...you gotta get a charting service. It really helps your fellow posters visualize your thought processes. Best. U.F.O.

"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~

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#4 pedro

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767 posts

Posted 28 April 2008 - 10:28 PM

pedro...you gotta get a charting service. It really helps your fellow posters visualize your thought processes. Best.

U.F.O.

I've got one UFO ... one I like for my purposes ... but its overloaded with signal markers that would beg more questions than I want to field ... what does THAT mean? .... and I can't annotate it like stockcharts

Apologies.