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Strategies & Market Trends : Ask DrBob
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To: broadstbull who wrote (40111)7/15/2001 11:16:15 AM
From: the-phoenix   of 100058
 
broadstbull: Good observations on the Naz trendlines and bollinger bands. The failure on the retest of the upward trendline is even more pronounced on the QQQ. As for the Bollinger Bands, I believe that they are a useful tool in a trading market such as we are in over the summer, but, as you observe, close to worthless during a strong trend, such as last winter.

Regards,
Phoenix
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