Bollinger Bands

[hungry]

In Reply To: BSA's post @ Oct 22 2009, 02:49 PM

Yes - from the OP home brewery
Then you'll be lagging as much as the BB's.

[BSA]

In Reply To: SHAGS's post @ Oct 22 2009, 02:48 PM

Try bourbon

[SHAGS]

In Reply To: veeone's post @ Oct 22 2009, 02:34 PM

Thanks so much for your explanation, I was beginning to think I should stop drinking tea when day trading and take up champagne.

[jwlkr]

In Reply To: arty's post @ Oct 22 2009, 01:47 PM

far better indicators have been developed

If by "better" you mean "equally lagging" then I'd agree with you Arty!

[veeone]

In Reply To: BSA's post @ Oct 22 2009, 02:30 PM

Bollinger Bans were developed by John Bollinger. They are a set of bands that are plotted at 2 standard deviations above and below an exponential moving average (20-day is widely used) and are displayed over a stock's price chart. Using 2 standard deviations guarantees 95% of the price data will lay between the bands. Since the bands are plotted at standard deviation levels, they are self-adjusting. When a stock becomes more volatile, the bands widen to give the stock more “room to move” within the bands. When a stock meanders around with little day-to-day movement, the bands contract.

Because of the tendency for a stock to stay within the bands, prices are considered overbought when they reach the upper band and oversold when they reach the lower band.

Bollinger offers the following characteristics:

• Expect sharp prices changes after volatility lessens and the bands narrow.
• When a stock moves outside the bands, expect the trend to continue.
• A reversal usually occurs after a bottom or top is made outside the bands and then the underlying issue moves back inside the bands.
• Prices tend to move from one band to the other, so this can aid in projecting price targets.
http://www.leavittbrothers.com/education/t...inger_bands.cfm

[BSA]

Bollinger Bands??????

Is that the little wire cage that holds the cork in to a bottle of champagne
http://www.champagne-bollinger.com/

But I could be wrong

Sorry Shags I only have a basic knowledge of them and do not use them myself.

Cheers

[arty]

In Reply To: SHAGS's post @ Oct 22 2009, 01:16 PM

http://www.bollingeronbollingerbands.com/methods/?method=1

straight from the creator.

It is important to be aware that it's a lagging indicator, telling you about 2 weeks after the event what has happened.
John Bollinger himself recommended it as a confirming indicator, to be used when trying to follow a trend.

Since its publication (decades ago) far better indicators have been developed. e.g. google "Keltner".

[MissAdventure]

In Reply To: SHAGS's post @ Oct 22 2009, 01:16 PM

It's the line of moisture you get on your champagne glass when drinking this lovely beverage

Sorry, back to the intelligent conversation....

[SHAGS]

Does anyone have an insight into Bollinger Bands??????