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Bollinger, p 67: "...a strong trend will cause a large expansion in volatility that causes the bands to spread dramatically. so much so that the band on the other side of the trend--e.g., the lower band in an uptrend--will head in the direction opposite to the trend. When that band reverses--turns back up in this case--that leg of the move is at an end. (emphasis in original)
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The end of the flare doesn't necessarily imply a reversal. Consolidations and continuations can also ensue.
Neither the Dow nor SPX have stopped flaring yet.
Comp weekly
Started by
selecto
, May 12 2007 11:05 AM
1 reply to this topic
#1
Posted 12 May 2007 - 11:05 AM
#2
Posted 12 May 2007 - 07:06 PM
here is a rather important component of the Naz with a frisky flare coming off record constrictive action.....
http://stockcharts.com/h-sc/ui?s=$SOX...id=p52840203537
http://stockcharts.com/h-sc/ui?s=$SOX...id=p52840203537